High Volume Mexican Restaurant/Bar Plainfield, IL–Beautiful Interior!

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Asking Price:
$118,000

Gross Revenue:
$660,000
Cash Flow:
$62,399
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Currently serving delicious authentic fresh Mexican dishes, traditional favorites and cocktails. As well as tasty homemade chips, salsa, soups and dessert.

The bar features 7 distinctive margaritas all made with fresh fruit and lime juice, homemade simple syrup, plus diners can chose from a menu of 20 premium 100% agave tequilas.

Fully equipped kitchen includes 24ft hood, double deck convection oven, 6ft flat top grill, 8-burner stove with oven, 13x8 walk-in refrigerator, 6x10 walk-in freezer and more. 3 station POS, plus back room.

Beautifully decorated interior. Warm and inviting atmosphere. Casual ambiance.

Dine-in, carry-out and catering. Plus, online ordering available.

Owner operated.

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please do not talk to any of the employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

Location: Prime retail space in an area of great shopping, dining and entertainment in a bustling suburb located 35 miles southwest of Chicago. Located in a large shopping center on the major route running through the village. Boasts great visibility with approximately 36,800 vehicles per day. Other popular tenants include a brewing company, family restaurant, hot dog joint, dentist, yoga studio, salon & day spa, fitness place, karate instruction, car repair and much more. Ample parking.

The busy center is also just across from a Walmart Supercenter and near a number of large national retailers including Target, Kohl' s, CVS, Binny' s Beverage Depot and many others.

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please do not discuss with employees or patrons.

If interested, contact EatZ for more information. Showings by appointment only.

Listed by Ted Aretos at EatZ & Associates

About the Business

Year Established:
2012
Number of Employees:
12
Real Estate:
Leased
Building Sq. Ft.:
4,798
Lease Rate/Sq. Ft./Mo.:
$1.77
Lease Expiration:
5/31/2022
Facilities:
Leased space $8,500/mth includes rent, CAM, insurance, taxes, garbage and water. Current lease expires May 2022 with two 5-year options. Landlord requires a personal guarantee on the lease. Square Feet: 4,798. Seating: 160. Hrs of Operation: Su-Th 11a-9p & Fr-Sa 11a-10p.
Market Outlook/
Competition:
Top Rated Mexican Food in Plainfield. One of the best Mexican restaurants in the Plainfield, Naperville, Lisle and Bolingbrook area. The best drinks, the best food, the best service. Also the best margaritas in town. Preferred caterer. All dishes and drinks are made to order. Everything is made fresh - the key ingredient to their success!
Growth & Expansion:
Local favorite. Lots of fans and repeat customers. The go-to place for amazing Mexican food and margaritas. A wonderful place to dine with family and friends. Highly rated and recommended, great reputation to continue to build upon.

Perfectly situated on a strong retail corridor in the fastest growing suburb in Will county. This thriving village currently has a population of 39,581 and is expected to grow to 53,278 in 2019 and could grow to 62,000 by 2030. Average household income surrounding the restaurant is also strong at $143,638 within a three-mile radius.
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About the Sale

Reason For Selling:
Downsizing.
Training/Support:
Two weeks on-site comprehensive training.
Seller Financing:
No

Listing Info

ID:
1512168
Ad Detail Views:
1212

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Business Listed by

Ted Aretos

EatZ & Associates

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Sponsoring Broker:

Tom Traina
EatZ & Associates
License# 475175390

U.S. Census Data for Will County, IL
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Will County, IL
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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