Asking Price: $600,000
Cash Flow: $146,702
Gross Revenue: $900,852
FF&E Value: $565,967 (included in asking price)
Real Estate: Leased — transferable under a permitted-transfer provision
Business Description:
This is a fully built-out, single-unit Mexican restaurant and bar in one of Spokane's most active commercial corridors — high visibility, strong walk-in and drive-by traffic, and a location surrounded by other established local food and beverage brands. The buildout was completed in December 2024, so a buyer steps into a modern kitchen, bar, and dining room rather than a dated space needing a refresh.
The concept is full-service dining with a bar program, supported by a growing catering line. FY2025 was the business's first full year at this location and closed at $883,521 in net sales; FY2026 is forecast to reach $900,852 if the business moves to seven-day operation (313 operating days, up from a six-day schedule in 2025) — a growth lever that's could be executed, immediately.
Financial Highlights:
Trailing cash flow of $146,702 (16.3% margin) at the current $900K/year sales run-rate, before debt service, owner compensation, marketing spend, income taxes, or depreciation. Prime cost is held to a disciplined 55% of net sales (30% food & beverage, 25% all-in hourly labor including employer taxes). Break-even sits at $47,546/month — the business currently runs roughly 58% above that line. At $90,000/month in net sales, a level the business has approached in peak season, annualized cash flow reaches $226,854 at a 21.0% margin. A full 12 months of sales history is documented by month, with clear seasonality (May–July peak, November–February trough) — no guesswork for a buyer's first-year underwriting.
Facility & Assets:
$728,836 in total cost basis across leasehold improvements, kitchen equipment, and small tools, carrying $565,967 in net book value as of August 2026. Full commercial kitchen with hood, walk-in cooler, bar, and dining room — all less than two years old. All equipment is owned free and clear, with no equipment leases carried. A detailed asset-level schedule is available to qualified buyers under NDA.
Lease:
Transferable to a qualified buyer under a permitted-transfer provision. Roughly $2,174/month of current occupancy cost is amortized recovery of a tenant-improvement allowance that steps off in October 2029, after which occupancy cost drops by approximately $26,088/year on a permanent basis.
Financing:
Seller financing is available. The buyer brings a majority of the purchase price in cash at closing, with the seller carrying a note for the remaining balance
Management & Transition:
A trained, experienced management team is already in place and currently runs day-to-day operations. This team is open to staying on post-sale under a reduced compensation structure in exchange for a minority ownership stake alongside the new buyer — removing the single biggest risk in a restaurant acquisition: losing the people who run the floor and kitchen on day one of new ownership.
Growth Opportunities:
Seven-day operation potential. Catering has grown from incidental to a real second revenue line with no dedicated sales effort behind it yet. No marketing or advertising spend is currently included in the cost structure — real room for a new owner to add a disciplined marketing budget without disrupting a clean cost base.
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