For Sale: Built 2024- Mexican Restaurant Westside of Cleveland
Business Description
Established Mexican restaurant franchise located in the bustling Westgate Shopping Center on Cleveland's westside. This fully operational establishment has generated $679,922 in annual revenue since opening in 2024, demonstrating strong performance in its first year of operation.
The restaurant occupies 3,278 square feet in a prime retail location alongside major anchors including Kohl's, Target, Lowe's, and popular dining destinations like Chick-fil-A and BW-3. The shopping center attracts 3.5 million visitors annually according to Placer AI data, providing excellent customer traffic and visibility.
Key Financial Details:
- Annual Revenue: $679,922
- Monthly Lease: $10,239
- Lease Term: Through November 30, 2033
- FF&E Value: $350,000
- Inventory Value: $40,000
The business comes fully permitted with transferable rights, including the opportunity to assume the sublease and acquire the liquor license pending state approval. All necessary equipment, fixtures, and operational systems are already in place, allowing for immediate continuation of operations.
Growth Opportunities:
The current owner notes the restaurant can be converted to any restaurant brand the new owner operates, offering flexibility for concept changes. The established location benefits from high foot traffic and strong demographics in this popular shopping destination.
The seller is divesting to focus on their core Central Ohio market operations. Post-sale support will be provided as needed to ensure smooth transition.
This represents an excellent opportunity to acquire an established restaurant operation in a proven high-traffic location with strong revenue performance and flexible operational possibilities. Financials available to qualified buyers upon request.
The restaurant occupies 3,278 square feet in a prime retail location alongside major anchors including Kohl's, Target, Lowe's, and popular dining destinations like Chick-fil-A and BW-3. The shopping center attracts 3.5 million visitors annually according to Placer AI data, providing excellent customer traffic and visibility.
Key Financial Details:
- Annual Revenue: $679,922
- Monthly Lease: $10,239
- Lease Term: Through November 30, 2033
- FF&E Value: $350,000
- Inventory Value: $40,000
The business comes fully permitted with transferable rights, including the opportunity to assume the sublease and acquire the liquor license pending state approval. All necessary equipment, fixtures, and operational systems are already in place, allowing for immediate continuation of operations.
Growth Opportunities:
The current owner notes the restaurant can be converted to any restaurant brand the new owner operates, offering flexibility for concept changes. The established location benefits from high foot traffic and strong demographics in this popular shopping destination.
The seller is divesting to focus on their core Central Ohio market operations. Post-sale support will be provided as needed to ensure smooth transition.
This represents an excellent opportunity to acquire an established restaurant operation in a proven high-traffic location with strong revenue performance and flexible operational possibilities. Financials available to qualified buyers upon request.
About the Business
- Years in Operation
- 2
- Franchise
- This business is an established franchise
- Facilities & Assets
- Westgate Mall end cap space at the main entry behind the out parcels. This location opened in 2024. The sale includes FF&E, Full Liquor license, pending state of Ohio approval. Buyer would not be an El Vaquero restaurant all locations operated as partnership with owners.
- Market Outlook / Competition
- Prime located with Kohl's, Target, Books A Milllion, Sephora, Chick Fil a, Lowe's, Marshall's, Petco, Planet Fitness, Starbucks, Ulta, J Crew, BW-3, Ulta and more...
Westgate Shopping Center had 3.5 million visitors last year according to Placer AI. - Opportunities for Growth
- The restuarnat and can converted to any restaurant brand you operate. You can assume the sublease and buy FF&E & Liqour license, pending approval from the state of Ohio.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,278
- Rent
- $10,239 per month
About the Sale
- Seller Motivation
- Concentrate on their core market in Central Ohio.
- Transition Support
- As Needed
Listing Info
- ID
- 2550725
- Listing Views
Attached DocumentsAttachment Disclaimer
Listing ID: 2550725 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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