Asking Price: $295,000 Gross Revenue: $1,248,000Cash Flow: $222,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed 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.
• TYPE OF BUSINESS: Tex-Mex/Beach Bar
• LOCATION: Fitchburg/Lunenburg Area
• SELLING PRICE: $295K
• DOWN PAYMENT: ONLY $125K 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 $125K 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 $125,000 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
Number of Employees:
Building Sq. Ft.:
Current owners are leasing "at will". Landlord is amenable to discussing new lease with extensions etc.
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.
Fitchburg/lunenburg Area - Tex-Mex/caribbean Goldmine!
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