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Profitable Mexican quick serve restaurant SBA approved
Last Year Sales $1,469,994
2018 Adjusted net income $266,782
Beer and wine license...absentee owner...patio...27 years in business....
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 while this great Mexican Restaurant just keeps thriving. Catering only consists of a bit more than 10% of the business because the owner has pulled away from the daily operations of the business and catering is certainly an area where there is growth potential.
The staff is so well trained and have been working at the restaurant for years, they handle the day-to-day operations of the restaurants. The Staff does EVERYTHING at the restaurant, owner calls in orders, processes payroll, reviews sales and works on promotions.
The recent remodel has transformed the restaurant into looking like a corporate chain and could be duplicated to other locations for an operator that is looking for a concept that possesses the right look and feel, great reviews on the food and overall operations that continues to thrive and is FUN to easy to run. During the 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 Calif.
The Patio Area add a nice area for additional seating and a choice for guests that like the openness and fresh air. Beer is served in both Tap or Bottles with local and imported favorites to complement the Mexican Style foods. 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. With an almost perfect 5 Stars on yelp and high Facebook scores as well, serving the area for almost 3 decades the owner feels he is ready to pass this off to someone that is ready to take the place to the next level.
The 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. The lease runs through February 28, 2026 so buyer will need ro request an option from landlord who to date has been happy to have this long time tenant so a well qualified buyer should not have any problem with this.
A Buyer with good credit can secure a SBA loan with 20% down ( approx $180,000 down) plus Closing Costs.
The restaurant sits at streets edge of a very busy high traffic street. The center has a number of well known tenants that draw people to the center on a regular basis.
This is a private listing and any Potential Buyer will need to get Pre-approved Before we can give name, address and share financial information. So If You have been looking for a Profitable Restaurant with proven track record just complete the Signing of the Online NDA and contact me and we will get you approved and send you over to check this place out.
$72,756 (USD) per annum
7AM-10PM Sunday - Thursday
7AM-11PM Friday and Saturday
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