Beautiful Mexican Restaurant & Bar located in a highly desirable neighborhood location. This restaurant is located in a mixed-use building with 20 high-end residential units above. This is a high traffic site with attractive outdoor patio seating and plenty of parking. The owner spent over $800k on the buildout. This could be run as is or converted to almost any concept. Assumable bank loan of $520,000.
FACILITY: Fully Built-Out Restaurant space on ground floor with 20 residential units
above
PARKING: Plenty of available parking
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM:4 years remaining plus two (2) five-year options
BASE RENT: $14,646 gross
CONCEPT: Mexican Restaurant & Bar
SIZE: 5,000 square feet
SEATS: Capacity for 100 inside, 25 on patio
HOURS: Open 7 days for lunch & dinner
LICENSES: Full Liquor License (2am)
SALES: $1,400,000 (60% food)
ASKING PRICE: $540,000 (For the Business) – Assumable bank loan of $520,000
