This popular family-style Latin restaurant is located off of a high-traffic arterial roadway in an anchored plaza with multiple national brands. Over 1,200 reviews on Google and 4.1 stars! The more than 4,000-square-foot venue includes a full bar and 150 seats. Food is ~85% of revenue, with liquor being the other ~15%; the lease permits no more than 30% of revenue from liquor sales. Large kitchen with 16 burners and 4 fryers, among other equipment. Online ordering is available, though there is no third-party delivery in place currently. Live music is offered on special holidays, but this could be expanded. Additionally, implementing advertising efforts could help with growth. The concept could be changed if desired. Seller financing is offered at the seller's sole discretion. More information is available with NDA and PFS.
- Asking Price:
- $300,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $852,084
- Cash Flow:
- $86,833
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease expiration date: 09/22/2025
2 5-year options
- Leasehold Rent:
-
$8,912 per annum
- Premises Details:
-
150 indoor seating
- Size in square feet:
- 4,210
Business Operation
- Reasons for selling:
-
Discuss with Seller
- Trading hours:
-
Sun.,Tues.-Thurs. 11 AM - 9 PM / Fri.-Sat. 11 AM-10 PM
- Employees:
- 10 FT; 4 PT
- Years established:
- 8
Other Information
- Support & training:
-
Seller will train for two weeks, at no cost
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
75% down ($234,000) with remainder financed for 60 months at 7%
- Furniture / Fixtures value:
- $160,000 - included in the asking price
- Inventory / Stock value:
- $5,000 - included in the asking price
