Mexican Restaurant
Location:
United States
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California
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Southern California - Los Angeles Area
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Huntington Park
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This quick service Mexican restaurant for sale is located in the center of Huntington Park's bustling business district. The restaurant has been serving the local community for over 20 years and is known to offer high quality, authentic savory dishes at reasonable prices. The business has 4 well trained employees, cross trained to handle all operating duties, and manage the business in the owner's absence. The business could significantly benefit from a full time working owner managing the day to day operations of the business, focusing on aggressive marketing programs to build on the existing walk-in customer base.
Asking Price $95,000.
This 900 square foot facility leases for $5,150 per month including CAM. The lease is valid until August 2012 and has 1 five year option to renew. The sale includes all of the restaurant's furniture, fixtures and equipment, including the name, recipes, menu and goodwill.
Competition is considered medium to high as other neighborhood restaurants certainly exist, however, this location thrives from the built in traffic from this highly populated business district, transit centers, etc.
The business has a lot of growth potential. The current owner does not actively promote the business. A new owner could promote the business via coupon mailers, menu flyers, offering samples, implementing catering and delivery service, and setting up mobile vending stations for street fairs and farmer's markets.
Financials
Asking Price Range: < $250K
Gross Revenues:
$240,000
Cash Flow:
$36,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $27,000
Seller Financing: No
About The Business
Year Established: 1989
Number of Employees: 4 - 5
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: 700110969
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