Seller must sell! Homemade tortillas! Make cash money! Seller's Health forces sale. TURNKEY - walk in and make money! Absolutely charming and authentic family style Mexican restaurant! Recently upgraded electrical and gas lines with new grease trap all approved by City Licensing, Health & Fire Departments, per Seller. Seller is ready to retire after almost 30 years in business! Busy shopping center with 2 major anchors, ample parking, hood, plenty of refrigeration & more! Seller recently added new on-demand electric hot water heater, new stove, refrigerator, mixer, and ice machine during covid closure in early 2020 for 2 months. Sale includes fully wrapped 1996 van (cost approx. $4,000 in July 2021). 2021 sales strong with covid recovery! Gross Sales & Total Income actual for 2021 from tax return with simple add backs. EMAIL NOW before it is gone! For the fastest reply to your inquiry, please use this ad's email reply! For the fastest reply to your inquiry, please use this ad’s email reply or contact Business Broker Edward Smith (RE# BS.0038345.PC; Business Broker Permit# BBP.0000005) at
- Asking Price:
- $150,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $512,082
- Cash Flow:
- $79,014
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Total monthly rent of $4,176
- Premises Details:
-
This is a leased location of 1,486 square feet with a Total monthly rent of $4,176. Lease ends 03/2024 with two 5 year options. Seller is active with 1FT and 1PT employees. Hours of operation are 8am-8pm Monday-Sunday. $9,000 in inventory and $160,000 in FF&E included in the asking price. $150,000 made in leasehold improvements. Other Assets include a long-established restaurant in a busy shopping center location with authentic food! Beer & Wine, Amusement Machine license required.
- Size in square feet:
- 1,486
Business Operation
- Reasons for selling:
-
Retirement & Health
- Trading hours:
-
8am-8pm Monday-Sunday
- Employees:
- 1FT / 1PT
- Years established:
- 30
Other Information
- Support & training:
-
14 days
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$100,000 down payment with remaining balance paid over 1 year at 7%.
- Furniture / Fixtures value:
- $160,000 - included in the asking price
- Inventory / Stock value:
- $9,000 - included in the asking price
