Fitchburg/lunenburg Area - Tex-Mex/caribbean Goldmine!

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Rent a a SPECTACULAR 4.5% of gross!!!
Asking Price:
$350,000

Gross Revenue:
$1,248,000
Cash Flow:
$222,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

• TYPE OF BUSINESS: Tex-Mex/Beach Bar
• LOCATION: Fitchburg/Lunenburg Area
• SELLING PRICE: $350K
• DOWN PAYMENT: $150K Down SBA Financing Available!
• SALES VOLUME: $24K\WK
• LEASE: $4660
• YRS. LEFT: TBD
• SQUARE FOOTAGE: 4700 ft.²
• HOURS OF OPERATION: WEEKDAYS 11:30AM-11PM WEEKENDS 11:30AM-12:30AM
• SEATING: (inside 120 seats) (outside 40-80 seats)

CHECK OUT THIS UNBELIEVABLE OPPORTUNITY! You can own this Goldmine for only $150,000 down! Profitable Tex-Mex/Caribbean restaurant developed by a team of restaurant professionals based on many years of success and professionalism At $24K per week revenue! And only $4660 per month rent, your rent to revenue ratio is an unheard of 4.5%!!!

Clean and beautiful interior design with casual laid-back vibe. Kind of Southwest meets 1950 Havana Cuba Beach Club. Fresh and healthy premium salsas, grilled chicken and slow roasted meats. Southwest and Mexican restaurants have some of the lowest food costs in the industry. Full liquor license. Get ready to sell lots of margaritas! 4.1 out of 5 stars on Google reviews. The food is fantastic!

Table and horseshoe bar seating (25 seats at the bar!) PLUS buffet style dinning for that "30 minute lunch" crowd. Live music on weekends! Located on busy highway with high visibility signage and tons of parking. Would be fantastic for a chef/owner! Has all the makings of a franchise without the royalties! Owners only looking for $150,000 down and will finance $200,000, SBA loans may also be available. With these revenues you can make your money back in less than a year! This place is an absolute must see! NETS OVER $220K

About the Business

Year Established:
2011
Number of Employees:
30
Real Estate:
Leased
Building Sq. Ft.:
4,700
Lease Rate/Sq. Ft./Mo.:
$4,660.00
Lease Expiration:
9/2/2025
Facilities:
Current owners are leasing "at will". Landlord is amenable to discussing new lease with extensions etc.
Market Outlook/
Competition:
This is a extremely busy street in one of the largest cities in MetroWest MA. There are retail stores, cineplex, furniture stores, other great restaurants. 1,000,000+ cars per day pass this restaurant.
Growth & Expansion:
This location has great visibility and lots of parking. 120 seats inside and 40 outside but the city has already approved an additional 40 seats outside. You just need to set up tables and chairs to double your outside seating.
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About the Sale

Reason For Selling:
After 17 years in the restaurant business, partners are ready to retire.
Training/Support:
Owners will offer assistance training buyer.
Seller Financing:
Seller will finance up to $200,000

Listing Info

ID:
1548255
Ad Detail Views:
573

Attached Files Attachment Disclaimer

  FITCHBURG LUNENBURG TEX MEX CARI... (1015 KB)
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Business Listed by

David Horn

New England Restaurant Brokers

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Sponsoring Broker:

Dennis Serpone
New England Restaurant Brokers

U.S. Census Data for Worcester County, MA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Worcester County, MA
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Source: American Community Survey (2010-2014), United States Census Bureau.

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