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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.
1 year term left with 5 year option to renew
$28,800 per annum
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!
Other buisness interests
Sun -Wed 11am to 9pm
Thurs - Sat 11am to 3am
Owner will train
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