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Mexican Restaurant In Mankato For Sale

Mankato, Minnesota, US
Asking Price:
$165,000 Furniture / Fixtures included
Sales Revenue:
$511,387
Cash Flow:
$92,165

La Bamba is a Mexican restaurant located in the Central Business District of downtown Mankato, MN. This is a turn-key business ready for new ownership. New owners may keep the La Bamba brand and transfer the lease of the 2,068 SF space.

Sales have grown to over $500,000 annually since opening on January 1, 2016. One full time working owner net income over $90,000. 2 full time cashier/cooks (dual role), 2 part time cashiers and 1 late night security staff all willing to work for new owner. Current owner will train.

Lease rate $2,400 per month plus quarterly waste removal
5 year option to renew

Owner will consider seller financing with reasonable down payment.

Property Information

Real Estate:

Lease

Lease Terms:

1 year term left with 5 year option to renew

Leasehold Rent:

$28,800 per annum

Location:

This property is a corner restaurant space in downtown Mankato. Located on the 500 Block of Front Street, this is a highly visible location across from the most frequented bars and restaurants in the city center. Surrounded by retail, large office users and hospitality -- this is an excellent location to grow a business!

Size in square feet:
2,068

Business Operation

Reasons for selling:

Other buisness interests

Trading hours:

Sun -Wed 11am to 9pm
Thurs - Sat 11am to 3am

Employees:
6
Years established:
2016

Other Information

Support & training:

Owner will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Negotiable

Furniture / Fixtures value:
$10,000 - included in the asking price
Relocatable:
This business can be relocated.

Contact Information

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