Mexican Restaurant With Beer & Wine
Location:
United States
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California
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Southern California - Los Angeles Area
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Long Beach
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This quaint Mexican restaurant for sale, with beer and wine license, as well as a patio, serves as a local neighborhood favorite for quick and reasonably priced authentic meals. This corner location is a local favorite, and offers traditional meals for breakfast, lunch and dinner. The operation's minimal overhead expenses provide the owners generous profit margins, and the potential to generate significant net income on modest revenues. This simple opportunity is ideal for a husband and wife team, or a family that seeks to showcase their recipes.
Asking Price $35,000.
This 1,000 square foot facility leases for $1,500 per month including CAM. The lease is valid until August 2013 and has 1 five year option to renew. The sale includes all of the restaurant's furniture, fixtures and equipment, including a full kitchen and beer and wine license.
Competition is considered medium to high as other neighborhood restaurants certainly exist, however, this business's corner location, coupled with its loyal client base, provides it a competitive advantage.
The business has a lot of growth potential. The current owners have not aggressively promoted the business, and have bypassed most conventional advertising methods. A new owner could promote the business via coupon mailers, residential and vehicle menu flyers, offer specials to local residents, and offer happy hour specials to increase beer and wine sales. Given the loyal following of nearby customers, a new owner may also consider implementing delivery service.
Financials
Asking Price Range: < $250K
Gross Revenues:
$102,000
Cash Flow:
$36,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $20,300
Seller Financing: No
About The Business
Year Established: 1999
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 1 week at 25 hours.
Reason For Selling: Personal.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 700110929
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