Sq Ft
3,128
Type
Restaurants For Sale
Monthly Revenue
$150k-$200k
Monthly Cash Flow
Contact For Info
Annual Revenue
$2,000,000
Annual Cash Flow
Contact For Info
Rent
5% of Sales + $2922 NNNs

This high-volume Mexican restaurant with a strong bar presence is now for sale. The current owner is shifting focus to other ventures and is offering this newly built and designed restaurant at a bargain price, considering the initial investment exceeded $1.3 million.

All design elements, fixtures, equipment, and infrastructure are newly built in this stunning first-generation space. Improvements include new electrical, plumbing, HVAC, Type 1 kitchen hoods, lighting, storage areas, ADA-compliant design, a long-haul beer draft system, a great bar top and area with a Type 47 liquor license that will transfer to the new owner, and much more. A full equipment list is available upon request.

In addition to the excellent dining areas and bar scene, there are vibrant patio tables and chairs with heaters in front of the business, attracting diners who enjoy outdoor dining.

The 3,128 sq. ft. space generated over $1.7 million in 2023 and is projected to break $2 million in sales in 2024. The space is ideal for groups or events and thrives during sporting events with its many screens and bar vibe. They sold nearly $25,000 on Cinco de Mayo alone!

The current owners have negotiated a favorable new lease based on 5% of monthly sales, plus reasonable triple net charges of $2,922/month. The lease term extends into 2031 with an option to extend.

A new owner-operator could thrive with this new design, strong volume, and established customer base. Reach out now for more information or to schedule a tour.

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General Info

Organization
LLC
Established
2022
Current Owner
2021
Employees
15+/-
Reason For Sale
Other Interests

Facilities

Seating
49 Dining Room Seats, 10 Bar Chairs, 20+ on Sidewalk-Patio
Square Feet
3,128
Parking
Easy Street Parking
Licenses
Type 47 Liquor License, Health & Business
Open Hours
Contact For Info

Lease

Rent
5% of Sales + $2922 NNNs
Expiration
6/15/2031
Yearly Increase
Contact For Info
Option
2 -5yr Options
Deposit
$27,630

Financials

Monthly Revenue
$150k-$200k
Monthly Cash Flow
Contact For Info
Annual Revenue
$2,000,000
Annual Cash Flow
Contact For Info
Payroll
Contact For Info

Financing

Down Payment
Contact For Info
Note Balance
Contact For Info
Terms of Note
Contact For Info
All Cash
Contact For Info
DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location

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