Tex-Mex Restaurant Since 1957 & "Best In The Permian Basin"

Midland, TX (Midland County)

Seller Financing Available
Traditional Tex-Mex
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Asking Price: $1,200,000

Cash Flow: $286,800

Gross Revenue: $1,480,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2002

Tex-Mex Restaurant Since 1957 & "Best In The Permian Basin"

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Business Description

Successful Tex-Mex Operator in Midland and Odessa, "Best in the Permian Basin" with 6,250 SF and 140 Chairs

Excellent Historical Financial Statistics
- Net Income as a Percentage of Sales: Average for 2016-2018 = 13.45%
- Operating Excellence since 1967: Average Cost of Goods Sold for 2016-2018 = 23.46%
- Total Benefits to Owner: As a percentage of sales for 2016-2018 = 21.90%
- Owner is the Landlord: Favorable leasing terms to assure success and no deferred maintenance required

Immediate Growth Opportunities
- Open 7 days a week, currently 5 days, and only open until 9 PM
- Begin Marketing: Tex-Mex is one of the oldest in town with a great reputation
- Initiate Off-Premises Sales: Promote Catering, Online Ordering, and a Delivery Service
- 2 Locations: "The Best Tex-Mex in the Permian Basin" located in Odessa & Midland

Gross Revenue Comments:
- 3 Year Average 2016-2028

Attached Documents


Detailed Information

Location:
Midland, TX
Employees:
35
Facilities:
Excellent Condition, absolutely no deferred maintenance Owner is the Landlord 6,250 SF
Competition:
Excellent with the fracking activity in the Permian Basin Jorge's Cafe is a Tex-Mex Tradition in Midland & Odessa
Growth & Expansion:
Immediate Growth Opportunities - Open 7 days a week, currently 5 days, and only open until 9 PM - Begin Marketing: Tex-Mex is one of the oldest in town with a great reputation - Initiate Off-Premises Sales: Promote Catering, Online Ordering, and a Delivery Service - 2 Locations: "The Best Tex-Mex in the Permian Basin" located in Odessa & Midland
Financing:
Open to discussion
Support & Training:
Yes, open for discussion
Reason for Selling:
Retirement
Business Website:
http://jorgesmidlandodessa.com
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Mark Fisher

Business Listed By:
J Mark Fisher

MSDC LLC

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