Established Mexican Restaurant with Authentic Mexican Cuisine

Asking Price$250,000

Cash Flow
$495,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$495,000

Inventory$3,000
Included in asking price
FF&E$85,000
Included in asking price
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Established Mexican Restaurant with Authentic Mexican Cuisine


Asking Price$250,000

Cash Flow
$495,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$495,000

Inventory$3,000
Included in asking price
FF&E$85,000
Included in asking price
Business Description
The most popular Authentic Mexican Cuisine in southeast NC. Operationally survived Covid and transformed its business model to be pandemic proof. Well established online ordering system, utilizing all latest services such as Door Dash, Grub Hub, etc... The last several years has built a reputation for excellent catering & event services. The traditional menu has specialties quite like no other Mexican Restaurant, including their signature White Cheese Queso. The menu is complimented with Mexican Beers and home-made Margaritas. The dining area and kitchen have been recently updated with new coolers, painting, and fixtures providing for the new owner to be a turn-key transition. Well-managed cost controls allow a Buyer to enjoy a well vetted vendor list and a 69% Profit Margin for 2022 and the current calendar year. This ideal for an owner-operator buyer with experience in the restaurant industry.
About the Business
Years in Operation
12
Number of Employees
7
Market Outlook / Competition
Revenue is consistent at $500K. This is not fast food therefore the quality of the menu makes it a destination dining venue. Only two other similar restaurants between Midtown Wilmington and Carolina Beach. Advertising mainly done via ChowNow.
Opportunities for Growth
Catering Opportunities are only limited to the time a new owner wants to invest. A second location in Brunswick County, the fastest growing county in NC, would be an immediate success.
Real Estate
Owned or Leased
Leased
About the Sale
Seller Motivation
The owners recently acquired another business in a non-related industry.
Transition Support
4 weeks
Listing Info
ID
2411694
Listing Views
13

Contact Seller

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Business Listed by: Terry CPA Transworld Business Advisors of Eastern NC

Listing ID: 2411694 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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