Costa Mesa Area Mexican Restaurant & Bar–Established Customer Favorite
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This well-established family operated Costa Mesa area Mexican restaurant and bar has been a customer favorite for over 5 decades and is being offered for the first time! The spacious venue, that has become a brand name to everyone in the area, boasts a remarkable long-standing anchor location in a major shopping center. The restaurant has several sections that not only allow for efficient operations but also provide a convenient way to section off areas for banquets, large parties or special events. The bar is similarly separated and could even operate as a stand-alone profit center.
About the Business
- Employees
- 45 Part-time
- Facilities & Assets
- This 4k square foot venue leases for $10,616 per month plus $2,829 in common area maintenance (CAM) expense on a lease until 1/31/29 with options to be negotiated in a sale. All of the business’s furniture, fixtures, equipment, Type 47 Liquor License, tremendous goodwill and trademarked name and related names will be included in the sale. An estimated $20k in liquor inventory will be sold at cost at close in addition to purchase price.
- Market Outlook / Competition
- While there are no shortage of authentic Mexican restaurants throughout Southern California, this venue has been a perennial favorite for over 50 years, making it the incumbent and most established market leader. Its name brand, decades of goodwill, spacious parking lot shared in a center with high traffic anchor tenants, freeway accessibility and main street drive-by visibility all create the perfect storm of restaurant attributes that provide this venue an unmatched competitive advantage.
- Opportunities for Growth
- This well-established venue has recently undergone a comprehensive remodel during the COVID induced slow-down. As a result, the venue has recovered and is surpassing its already impressive historical performance. Though it has been a family operated business, the operation may benefit from a full-time working owner-operator that has hospitality industry experience and is able to minimize expenses while bolstering the establishment’s already stellar revenues. The bar portion of the operation naturally enjoys the highest margins.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,000
- Rent
- $13,445.00 per month
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Seller will train for 2 weeks at 20hrs per week or as negotiated.
- Financing Options
- Not offered but seller may consider a small secured carry
Listing Info
- ID
- 2462818
- Listing Views
- 36
Listing ID: 2462818 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.
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