Full Service Mexican Restaurant
Location:
United States
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California
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Southern California - All Southern California
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Fontana
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This full service Fontana Mexican Restaurant has been priced for a quick sale. The unique facility has operated for 4 years and is ideal for private parties and large gatherings due to its large dining room and parking lot. The restaurant does not currently include a beer and wine license but could significantly benefit from one. The restaurant is popular with locals for sporting events, boxing matches and UFC viewings. A new owner may continue with the existing concept or change the menu to offer a new concept.
Asking Price $50,000.
The 3,000 square foot facility leases for $5,000 per month (including CAM). The lease is staggered due to the expanded dining room, thus providing an owner the option to downsize part of the restaurant if a smaller space or lower rent is desired. The sale includes all the business assets including the restaurant's name, buildout, equipment, furniture, fixtures, customer base, goodwill and approximately $500 in inventory.
Competition is considered medium as other Mexican restaurants exist in the area, however an owner may seek to expand or modify the menu to add some diversity.
This business has a great deal of growth potential. A new owner may begin to advertise via direct mail, coupon mailers, vehicle flyers, door menus, or promote its delivery service. The addition of a beer and wine license should increase the potential for more business by capitalizing on the crowd that watches evening sports.
Financials
Asking Price Range: < $250K
Gross Revenues:
$180,000
Cash Flow:
Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Inventory: $15,500
Seller Financing: No
About The Business
Year Established: 2005
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: Other business ventures.
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: 700112506
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