OWNER HAS DECIDED NOT TO REOPEN DUE TO AGE AND BEING "AT RISK".
TAX RETURNS JUST IN AND ANOTHER YEAR OF $110K VERIFIABLE OWNERS CASH FLOW.
RARELY does a restaurant with this level of pride of ownership and history come to market and especially at 1 MULTIPLE (approximate).
After 38 years, the ORIGINAL - working owner has decided to retire and now has decided not to re-open post Covid. This is the type of operation that is perfectly modeled for the restaurant industry moving forward. A large majority of the business is already takeout and with the addition of delivery this thing could be a monster money maker.
This is a TURNKEY restaurant allowing you to take over and be operating profitably from day 1. There are solid - tax returns to verify the $109,000 per year in owner's cash flow. This is an INCREDIBLE opportunity for a working family to eliminate labor and make even more money.
The restaurant and kitchen are impeccable and the quality of food excellent. 4 star rating on Yelp and 4.5 stars on Google Reviews. Serving quick serve AUTHENTIC Mexican food 6 days a week. Stay closed Sunday and enjoy a day off or open and increase sales and profitability.
KITCHEN: Large kitchen with walk-in refrigerator and freezer offers ample room for increased production and catering. 12' Class 1 hood system with Stock Pot Burner, Double Basket Fryer, Wolf Cheese Melter, Double Burner and Char-brolier. Additional kitchen equipment includes Slicer, Hobart grinding and shredding machine, Waring Commercial Heavy Duty Blender, Double drawer chip warmer, 4 Full Hotel Pan Steam Table, Microwave, Large - 3 Compartment Heavy Duty Stainless Steel Sink, Stainless Steel work-top Tables, Ice Machine,
In addition there are LOTS of Metro Racks with QUALITY Pots, Pans, Baking Sheet Trays, and additional small-wares.
OPPORTUNITY TO GROW: It is hard to imagine that despite having no website or social media marketing that this operation is still making great money. Imagine the tremendous opportunity of increasing sales by implementing a web presence and going after delivery programs such as Uber-Eats, Grub Hub and other delivery systems.
LEASE: Lease expires March 2024 plus one 5 year option.
20% down - $40,000, a credit score of 700+ and at least 5 years of industry experience required to qualify for SBA loan.
Must have relevant restaurant experience and solid financials to be approved for SBA loan and landlord.
|2014 Total Population||27,857||87,810|
|2010 Number Of Households||9,987||31,396|
|2010 Persons Per Household||2.74||2.74|
|Median House Value||$404,600||$478,894|
|Income Per Household||$57,500||$71,808|
|2009 Number Of Businesses||328||1,629|
|2012 Number Of Employees||4,174||22,428|
|2012 Total Annual Payroll||$59,430,000||$343,129,000|
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