Asset Sale Description
*Established Mexican restaurant in operation since 1952
*Prime location inside a popular food court with heavy tourist traffic
*Current owner unable to manage due to health issues ? high labor expenses
*Recently reduced asking price from $179,000 to $60,000
*Great opportunity for an experienced operator or motivated buyer to grow the business
Location: One of 39 restaurants within a well-known food court
Hours: 9:00 a.m. – 9:00 p.m. (7 days a week)
Monthly Sales: Approximately $62,000
Staff: 4 full-time, 1 part-time (total payroll $18,000)
Rent: $13,617 (including CAM) / 4% annual increase
Lease Terms: 2 + 3 years / Security deposit $6,000
Owner’s Situation: Health issues prevent active management, 100% employee-run
Reason for Sale: Ongoing medical treatments and focus on other business
-->Asking Price: $60,000 (reduced from $179,000)
--> This opportunity does not require submission of financial records. Based on monthly sales of approximately $62,000, it is an ideal business for a buyer looking to acquire a restaurant at a low price and personally manage it for growth.
With dedication and hands-on involvement, this Mexican restaurant has strong potential to thrive.
*Prime location inside a popular food court with heavy tourist traffic
*Current owner unable to manage due to health issues ? high labor expenses
*Recently reduced asking price from $179,000 to $60,000
*Great opportunity for an experienced operator or motivated buyer to grow the business
Location: One of 39 restaurants within a well-known food court
Hours: 9:00 a.m. – 9:00 p.m. (7 days a week)
Monthly Sales: Approximately $62,000
Staff: 4 full-time, 1 part-time (total payroll $18,000)
Rent: $13,617 (including CAM) / 4% annual increase
Lease Terms: 2 + 3 years / Security deposit $6,000
Owner’s Situation: Health issues prevent active management, 100% employee-run
Reason for Sale: Ongoing medical treatments and focus on other business
-->Asking Price: $60,000 (reduced from $179,000)
--> This opportunity does not require submission of financial records. Based on monthly sales of approximately $62,000, it is an ideal business for a buyer looking to acquire a restaurant at a low price and personally manage it for growth.
With dedication and hands-on involvement, this Mexican restaurant has strong potential to thrive.
About the Sale
- Seller Motivation
- Retired
Listing Info
- ID
- 2271657
- Listing Views
- 5077
Listing ID: 2271657 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. See our full Terms of Use. Learn how to avoid scams.