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Tex Mex Restaurant In Midland and Odessa For Sale

Texas
Asking Price:
$1,200,000 (USD)
Sales Revenue:
$1,573,000 (USD)
Cash Flow:
$212,000 (USD)

Since 2009 "Reader's Choice, most established traditional Tex Mex located in Midland TX & Odessa

Successful Tex-Mex operator in Midland and Odessa, "Best in the Permian Basin" with 6,250 sf and 140 chairs

Excellent historical financial statistics
- net income as a percentage of sales: average for 2016-2018 = 13.45%
- operating excellence since 1967: average cost of goods sold for 2016-2018 = 23.46%
- total benefits to owner: as a percentage of sales for 2016-2018 = 21.90%
- owner is the landlord: favorable leasing terms to assure success and no deferred maintenance required

Immediate growth opportunities
- open 7 days a week, currently 5 days, and only open until 9 pm
- begin marketing: tex-mex is one of the oldest in town with a great reputation
- initiate off-premises sales: promote catering, online ordering, and a delivery service
- 2 locations: "the best Tex-Mex in the Permian Basin" located in Odessa & Midland

Contact the seller for further information.

Property Information

Real Estate:

Real Property Included

Location:

Midland, TX, and Odessa TX

Premises Details:

The landlord is the owner of the premises and the family takes excellent care of their restaurant.
This location has been open since 2002.
The Owner has had locations in Dallas, Multiple Locations in Midland, and Odessa Texas

Size in square feet:
6,250

Business Operation

Expansion Potential:

Immediate growth opportunities
- open 7 days a week, currently 5 days, and only open until 9 pm
- begin marketing: tex-mex is one of the oldest in town with a great reputation
- initiate off-premises sales: promote catering, online ordering, and a delivery service

Competition / Market:

The Tex-Mex restaurant for the cities with very limited competition due to historical reputation

Reasons for selling:

Retirement

Trading hours:

11:00 AM to 9 PM

Employees:
35
Years established:
Family tradition in Tex-Mex restaurants since 1957, Midland opened in 2002

Other Information

Support & training:

Available

Contact Information

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