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Well Established Mexican Restaurant & Cantina in Great Location!

Renton, WA (King County)

Seller Financing Available
Well Established Mexican Restaurant & Cantina in Great Location!
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Asking Price: $215,000

Cash Flow: $61,000

Gross Revenue: $765,000

EBITDA: $61,000

FF&E: $80,000

Inventory: $10,000*

Rent: $10,500 /Month

Established: 1990

*not included in asking price.

Well Established Mexican Restaurant & Cantina in Great Location!

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Business Description

Massive potential to increase revenues immediately!

Turn key Mexican restaurant/bar in great location with strong brand loyalty and reputation. This Mexican Restaurant and Cantina has been a cornerstone of the Renton community for many years and is well known for it's excellent cuisine and friendly customer service. The Cantina is a great spot for watching sporting events and has potential to be even more profitable if it were open later. There is also a large banquet area popular for large groups, parties and events. There is a second kitchen which the owner can either lease out or continue expanding a completely different brand and type of food. This is the perfect business for an experienced owner/operator as there is massive potential to grow sales. Seller financing is available for qualified buyer. Please call for an NDA.

Detailed Information

Location:
Renton, WA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
6,600
Lease Expiration:
5/1/2029
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This one of a kind restaurant has a popular bar/cantina, banquet area, dining area, and two fully functional kitchens
Competition:
There is competition however due to the prime location, unique features of this restaurant and longevity of the business, it is not a threat to future sales.
Growth & Expansion:
Renton area is expanding rapidly and this business is in the perfect location to take advantage of that.
Support & Training:
As needed
Reason for Selling:
Moving
Franchise:
This business is an established franchise
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Dan Fallon

Business Listed By:
Dan Fallon

McCallen & Sons, Inc.

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