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Listed by:

Transworld Business Advisors Birmingham SW

Thirty Nine Year Old Mexican Restaurant For Sale

Houston County, Alabama, US
Asking Price:
$400,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,036,000
Cash Flow:
Available on request

*************Price Reduction*******************

A thirty-nine-year-old restaurant for sale that has great visibility and a loyal customer base, which has been in the same location for over fourteen years serving tasty Mexican foods and drinks to their community.

The owner is looking to retire, which is a perfect opportunity for a buyer with/without restaurant experience to take over this iconic restaurant that has a great reputation and a ready-made staff to support the new owner. The owner is willing to seller finance a portion of the acquisition to the right buyer, which is subject to final approval.

Property Information

Real Estate:

Lease

Lease Terms:

Monthly Rent: $3,750.00

Square Units (Foot, Meter): 3,000

Lease Expiration Date: February 28, 2028, 10:00:00 PM

Terms Options: She has been on five-year terms since 2008. She renews every five years. The current lease started February 1, 2023 for five years. In February 2026 The rent will be increased at 3800 per month.

Location:

Facilities: The building is 3000 ft.². The rent 3750 per month. Base rent 3292.73, CAM fee 218.88 a month, real estate taxes 120.89 a month and insurance for landlord is one 117.50 per month.

Business Operation

Expansion Potential:

Growth opportunities:

New owner may stay open on Sunday and Monday. A new owner may resume catering activities and bottling salsa products while selling it online or at the store. New owner may use independent contractors to deliver to go orders.

Reasons for selling:

Retirement

Trading hours:

Tuesday through Saturday, 10:30 AM – 7:30 PM Close Sunday and Monday

Employees:
23
Years established:
39

Other Information

Support & training:

Number of Weeks Seller Will Offer Training: 3

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$35,514 - included in the asking price
Inventory / Stock value:
$14,047 - included in the asking price