Authentic Mexican Cuisine - Prime Hwy 111 location - $357K SDE

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Beautiful outdoor patio
Asking Price:
$995,000

Gross Revenue:
$1,799,614
Cash Flow:
$357,875
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$11,700
included in asking price

FF&E:
$319,981
included in asking price

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Business Description

Are you looking for some of the finest Mexican Cuisine around? Do you want to sit down and relax with an ice cold Margarita after a long day? If you answered yes to any of these questions, then you need to stop by this Central Coachella Valley landmark Mexican restaurant! We have some of the smoothest tequila and best tasting food around. Don't believe us? We have been serving the community since 1981 and they keep coming back for more! Come in and sample the fresh authentic cuisine from our award winning chef.
Boasting a large dining room and full bar, the highlight of this restaurant is the 30 seat, dog friendly patio with architectural inspiration of Mexico.
Owner will consider seller financing.

About the Business

Year Established:
1981
Number of Employees:
25
Real Estate:
Leased
Building Sq. Ft.:
3,803
Rent:
$13,310.00 Per Month
Facilities:
Prime corner unit in strip center with shops, banks, restaurants and a major anchor building.
Business was established approximately 35 years ago, the same owner since 2003. Revenue approached $1.8 million in 2017. 2018 sales are up double digits. Well established destination restaurant is the only fine Mexican restaurant in town. Trained & tenured staff of 20-30. Completely equipped and includes assets and equipment valued at approximately $875,000K.
Owner is willing to consider Seller Financing.
Market Outlook/
Competition:
Located at a major intersection of Highway 111, this restaurant generates close to $2.0MM in annual sales ranking it among the highest grossing restaurants in the desert. There are a handful of better restaurants in the area, but this is the best Mexican restaurant in the area.
Growth & Expansion:
Increased advertising – Television channels 2 and 3 are proven effective spots. Desert Sun Inserts and radio increase traffic.
Breakfast – Currently breakfast is only served on weekends.
New Construction – New hotel is being erected in town to serve ever increasing events in Indian Wells and the Coachella Valley. New homes being built across the street.
Events – Triathalon, Pickleball, Paribas Open Tennis all drive traffic.
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About the Sale

Reason For Selling:
retiring
Training/Support:
4 weeks

Listing Info

ID:
1577420
Ad Detail Views:
0

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Business Listed by

Rick Rayl

Transworld Business Advisors Coachella Valley
License# 02052577

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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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