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Mexican Restaurant For Sale
Location: United States -> Florida -> Palm Beach County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This Mexican Restaurant for Sale in Palm Beach County Florida is located in a free-standing building that is close to universities and businesses.

This Mexican Restaurant for sale has 2,500 square feet of space and seats 150 guests in its beautifully built-out location. The restaurant features an SRX liquor license and can offer beer, wine, and liquor to its guests. Monthly rent is a very reasonable $13,446 and includes all CAM and taxes.

The front of house has recently been remodeled and the atmosphere is vibrant and fun. The dining room has three distinctive areas. The bar area has a sit down bar with seating for 8 and there are also four high top tables around the bar that seat 20 guests. The full service bar features two frozen margarita machines and one frozen sangria machine. There are two different dining rooms. Both have a mixture of tables and booths and each is decorated beautifully,

The fully equipped commercial kitchen has it all. Well designed to maximize efficiency and handle high volume. Under the exhaust hood are two six eye burners with stoves, salamander, flat top, and a fryer. All refrigeration is commercial grade and includes a walk-in cooler and two 1000 pound ice machines.

The menu features Southern Californian Mexican food and all of your favorites are present. Happy Hour is offered Monday thru Friday and is very popular. The menu and all recipes will transfer with the sale and the sellers will train for two weeks at no cost to insure a smooth transition of ownership.

Gross sales in 2015 were in excess of $915,000 and due to unforeseen circumstances the sales slipped to $791,000 in 2016. 2017 has seen an upswing in sales and the forecast is for gross annual sales to be up by 15% to $910,000. With the new construction in the area gross sales should continue to climb each year.

If you wish to obtain additional information on this listing please contact your Certified Restaurant Broker, Ken Eisenband, at 561-350-3365.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $910,340
Cash Flow:   $74,501
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  1997
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Owner will train for two weeks at no additional cost
Reason For Selling:  Other

Photos

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Mexican Restaurant For Sale Photo 1




Print Listing Id: 700276480
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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 > Florida Businesses For Sale > Florida Franchises For Sale > Florida Business Brokers



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