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El Chico Cafe Mexican Restaurant & Bar # 18894
| Asking Price: | $350,000 | Inventory: | $10,000 ++ |
| Gross Revenue: | $1,400,000 | Real Estate: | n/a |
| Cash Flow: | $150,000 | FF&E: | $450,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
High traffic location, management willing to stay
A casual full service Mexican restaurant and bar fronting busy highway 377 in Granbury, Texas. The interior features a crisp, clean decor that reflects the interior of Mexico. Menu items are prepared fresh every day and include Top Shelf™ selections from enchiladas to quesadillas to margaritas. The restaurant has a reputation of outstanding, friendly service delivering quality foods and large portions. The facility is well-designed, functional and meticulously maintained since built in 2005. Experienced management is in place and are expected to stay for a new owner. The franchise traces its roots to 1940 in Dallas and now numbers ~75+ restaurants in Texas, Oklahoma, Louisiana and the South. Price: $350,000 including $10,000 inventory and all FFE (Furniture, Fixtures & Equipment) valued at $450,000. The purchaser will need to assume dishwasher lease ~$210/mo incl maint/supplies and water softener ~$93/mo.
About the Business
Year Established:2005
Employees:40 full time -
Franchise:Yes
Facilities:The ~5600 SF high visibility space is located in the west end cap of Pecan Plaza Strip Center. The facility seats 219. The monthly lease is $10,474.99 (including NNN: $373 CAM + $980 prop tax + $163.33 insurance) + 3% of any sales in excess of $2,500,000 per calendar year. The security deposit is $1733.33. The 15 year lease expires approximately May 2020 with two 5-year market renewal options. The purchaser is responsible for any real estate lease application or transfer fees.
Market Outlook and Competition:This is a strong location with excellent potential. A new owner can continue to grow the business and profits in several ways: • Promote bar Beer & Wine, Liquor sales • Add billboard on 377 both directions • Promote catering to local businesses, sports organizations and schools • Direct mail surrounding neighborhoods using mail list • Local advertising and marketing • Direct market to churches and boating community
About the Sale
Management Training and Support:Comprehensive training is provided by the Franchisor. Initial and shift manager training (~4 weeks) is required depending on the purchaser’s industry skills and experience. The seller will also provide 2 weeks training and ongoing telephone support, as mutually agreed, to ensure a seamless ownership transition.
Reason For Selling:Health
Attached Files - Attachment Disclaimer
KEYWORDS: Mexican, el chico, granbury, margarita, restaurant, bar, tavern
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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