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Iconic Mexican Restaurant For Sale
Location: United States -> California -> Southern California - Los Angeles Area
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This legendary Southern California staple has been in business since 1958. Created by Glen Bell, the founder of Taco Bell, this restaurant has four locations throughout Southern California and consistently generates revenues of $2.4MM+ and operates at an 18% profit margin. Concept can be duplicated locally or nationally. Below market rent. With the right investor this diamond in the rough opportunity can expand to 20 locations and or be franchised. The new owner can also simply sit back and enjoy the current cash flow that the four locations are producing. Current owner is on location only 30 minutes per week.

The restaurant prides itself on the quality of ingredients served and authentic Mexican cuisine experience that guests have come to love and appreciate over the past 56 years.

Attractive addition to an existing restaurant operator's portfolio. The owner is willing to help facilitate the transition by consulting and training during the first six months.

This absentee owner operator has developed a talented management staff that allows him the flexibility to only work one half hour per week to sign paperwork. The restaurants run themselves.

The restaurants are located throughout metropolitan Southern California, and have claimed the same locations over the past several decades, making this a very popular destination for locals and travelers. Guests often travel long distances to dine at this Southern California staple.

All restaurant equipment is in excellent working condition. Key managers are in place, and staff is well-tenured.

Owner wishes to sell 100% of the business to an existing restaurant group, individual or family with relevant experience operating profitable Mexican cuisine restaurants. However, no experience is necessary. Detailed marketing package with financial information available to qualified parties subject to NDA and buyer's credentials.

Please call John Guirguis at 661.670.6730 for more details!


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $2,400,000
Cash Flow:   $420,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  1958
Number of Employees:  35 - 49
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased




Print Listing Id: 700225886
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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