#5656
Pasadena Restaurants For Sale
Los Angeles Restaurants For Sale

MONEY MAKING - Mexican Quick Serve w/Beer - POSSIBLE SBA Loan

$999,000
Available
MONEY MAKING -  Mexican Quick Serve w/Beer - POSSIBLE SBA Loan



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PROFITABLE MEXICAN QUICK SERVE RESTAURANT 

2021 Year Sales $1,462,754

2021 ADJUSTED NET INCOME $393,000

BEER and WINE License...ABSENTEE OWNER...PATIO...38 YEARS IN BUSINESS....

SUMMARY

Located in the San Gabriel Valley this restaurant has seen year over year sales increase while many other restaurants have been finding it hard just to hold on as this great Mexican Restaurant just keeps thriving.  

The staff is so well trained and have been working at the restaurant for years, they handle the day-to-day operations of the restaurant. The Staff does EVERYTHING at the restaurant, owner calls in orders, processes payroll, reviews sales and works on promotions ONLY mostly from home.

PRACTICALLY A NEW FACILITY

The recent remodel has transformed the restaurant into looking like a corporate chain and could be duplicated to other locations for an operator looking for a concept possessing the right look and feel to grow into multi units. The great reviews on the food and overall service continues to prove this business is humming and a pleasure to operate. 

During a fairly recent remodel the restaurants AC Units were replaced giving a buyer the peace of mind of many years of having a cool dining area during the hot summer days of Southern Cal. Almost all the equipment has been replaced and also the place has all NEW Plumbing throughout giving Buyer peace of mind as to the plumbing. Bathrooms are completely redone as well as the entire front of the house area.

GROW THE BUSINESS

Since Covid Owner has stopped Offering Catering which consisted of a bit more than 10%++ or more of the business in previous years, a new Owner could capture this market again to see further sales increases. 

The Patio adds a nice touch for additional seating and a choice for guests wanting open and fresh air due to Covid fears. Beer is served in Bottles with local and imported favorites to complement the Mexican Style foods.A Tap could be added if desired.

Open for Breakfast, Lunch and Dinner this place HUMMMMMSSS all day long. The Breakfast Burritos are Killer and the Carne Asada Tacos you just gotta try and you'll be hooked. With an almost perfect 5 Stars on yelp and high Facebook scores as well, the owner feels the business is ready to be passed on and taken to the next level by a passionate operator. 

LEASE

The current lease has a minimum rent of $6962.51 per month verses a 6% of sales which the restaurant has been paying % rent for a number of years now.

Additional terms will need to be negotiated by the Buyer and the Landlord.

LOCATION, LOCATION, LOCATION!

The restaurant sits on streets edge of a very busy high traffic area. The center has a number of well known tenants drawing people to the center on a regular basis.

THIS IS A VERY PRIVATE LISTING and any Potential Buyer will need to get PRE-APPROVED before name and address are shared as well as financial information. So If You have been looking for a Profitable Restaurant with proven track record just Sign the Online Digital NDA at SellingRestaurants.com and contact agent and he'll get you all the information to help you decide if this is for you!

This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Pasadena Restaurants For Sale
Los Angeles Restaurants For Sale
Total Monthly Rent:
$6,063
Security Deposit:
$1,500

Financials

Last Year's Owner's Cash Flow:
$393,287
Last Year's Food Cost %:
32.5
Last Year's Payroll Cost %:
30.2
Last Year's Rent %:
6

Operations

Liquor License:
41 beer and wine
# of Full-Time Employees:
8
# of Part-Time Employees:
1
Hours Open:
8AM-9PM Seven Days a Week
Year Established:
1984
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
56
Outdoor Seating:
14
# of Parking Spots:
Lots of Shared
Inside Sq. Ft.:
2,078
Outside Sq. Ft.:
200

Highlights

  • PROFITABLE + POSSIBLE SBA LOAN
  • SALES GROWTH YEAR OVER YEAR
  • RENT IS 6% OF SALES-MAXIMUM
  • RECENT COMPLETE REMODEL
  • NEWER EQUIPMENT
  • NEW PLUMBING THROUGHOUT
  • PLENTY OF PARKING
  • SUPER NICE WELL MAINTAINED CENTER
  • WELL MANAGED BUSINESS
  • GROW VIA CATERING

Financing

Down Payment:
$200,000
Will SBA Finance:
Yes
Est. Monthly SBA Loan Payment:
$8,590
Est. Annual Interest Rate:
8%
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 63,905 204,796 637,627
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 19,027 55,931 173,957
2010 Persons Per Household 3.27 3.65 3.61
Median House Value $385,200 $337,834 $366,468
Income Per Household $47,438 $47,877 $50,326
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,240 4,114 12,300
2012 Number Of Employees 39,462 180,666 388,466
2012 Total Annual Payroll $688,394,000 $3,476,937,000 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, foreward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.


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