Mexican Restaurant/Catering Mansfield # 18829
| Asking Price: | $50,000 | Inventory: | $3,000 ++ |
| Gross Revenue: | $200,000 | Real Estate: | n/a |
| Cash Flow: | $60,000 | FF&E: | $50,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
MegaBite Restaurant Brokers, LLC offers, for your ownership consideration, a BYOB Mexican restaurant in Mansfield, Texas and serving a busy lunch clientele. The restaurant is exceptionally clean with an excellent build out and large kitchen suitable for catering. The dιcor is pleasant and the restaurant features a menu with 40 proprietary recipes. The facility has had a liquor license which can be readily reinstated by a new owner. In 2007, the Seller invested $120,000 and converted an existing Chinese restaurant located in a newer retail strip center into the current Mexican restaurant. The seller applied for a liquor license and kept for 1 year through May 2009. Owner to prove all sales and expenses. Price $50,000: $25,000 down and balance financed 5 years @ 8% or $35,000 ALL-CASH to a qualified buyer.
About the Business
Year Established:2007
Employees:2 full time - 2 part time
Facilities:The ~1540 SF high visibility space is located in a south facing strip center fronting onto a busy. The lease is ~$3015/mo including NNN and expires ~ July 2012. The space consists of an L-shaped indoor dining area, spacious kitchen & prep area, 2 separate restrooms, walk-up order-taking counter, walk-in refrigeration & freezer and office/storage areas. 2 patio tables with seating are placed on the sidewalk in front of the restaurant. The facility seats 40 indoors and 6 outdoors.
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: Build catering through networking at schools, school sports, businesses and city offices Add delivery options (especially during lunch) Implement business catering Print menus and deliver or fax to local businesses Deliver to neighboring motel especially workers/staff Promote business to high school staff and hospital Direct mail surrounding neighborhoods using mail list
About the Sale
Management Training and Support:The seller wishes to ensure a seamless transition with a purchaser. She will train a buyer for 2 weeks included in the purchase price.
Reason For Selling:Family Illness
Seller Financing:$50,000: $25,000 down and balance financed 5 years @ 8% or $35,000 ALL-CASH to a qualified buyer.
KEYWORDS: Mexican, Latin, Taco, tortilla, taquitos, nachos, salso, fajitas, restaurant, food, fast food, dining, lunch, dinner, eat, takeout, delivery, liquor, beer, wine, margaritas
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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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