Asking Price: $995,000 Gross Revenue: $1,799,614Cash Flow: $357,875 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $11,700 included in asking priceFF&E: $319,981 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Number of Employees:
Building Sq. Ft.:
$13,310.00 Per Month
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.
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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