Iconic Mexican Restaurant for Sale - Profitable and Turn-Key

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Asking Price:
$299,900

Gross Revenue:
$536,626
Cash Flow:
$100,968
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Buy this long-established iconic Mexican restaurant for sale - Reward yourself with a very nice salary and great profits. This incredible restaurant has been in business for over 50 years and is going strong. This is a turnkey situation on a restaurant that has been grossing in excess of $550,000 annually with profits to an owner/operator of $100,000 annually.
Customers are amazed as they step into the restaurant's Mexican courtyard and see and feel the stunning interior finishes. The stone walls and floors, the authentic wrought iron gates and warm lighting offer an experience rarely found. Customers are even more amazed at the presentation and quality of their meals.
Offered by We Sell Restaurants, this Mexican Restaurant for sale comes fully equipped bar full liquor license with opportunities to grow that part of the business. Additionally, there is a gaming room with over $25,000 a year income with virtually no expenses… just collect the money!
This top-rated Mexican Restaurant for sale is in the heart of the action with many retailers in the immediate area. Of course, with a 50-year history, everyone in the area knows this restaurant as it has become a gathering place for friends and family.
This space is quite sizable with 244 seats in 4,900 square feet. Because of its size and spectacular atmosphere, this Mexican restaurant for sale by We Sell Restaurants is noted as the go-to place for large parties.
Talk about turn-key - the fully equipped kitchen includes a walk-in cooler and walk-in freezer along with free-standing coolers for plenty of cold storage. The point-of-sale system includes three monitors and two registers. There is a long list of additional furniture, fixtures, and equipment enabling you to walk in today and start making money tomorrow with this Mexican Restaurant for Sale
The current owner is a great guy wanting to relocate. If you're ready to start running a profitable, successful, beautiful restaurant, the current owner is willing to train you to keep this wonderful Mexican Restaurant for sale running smoothly.

About the Business

Location:
Mattoon, Illinois
Year Established:
1966
Number of Employees:
10
Real Estate:
Leased
Building Sq. Ft.:
4,900
Rent:
$4,998.00 Per Month
Facilities:
5 x 10 walk in freezer 6 x 18 walk in cooler 2 Two door coolers 1 one door cooler Desert display case Double deck convection oven 96 inch flat grill 5 well steam table 2 Storage units 4 work tables Mixer and grinder Point of sale system with 3 monitors and 2 registers Beer keg cooler with 5 taps 3 door bottle cooler 2 door beer mug cooler 1 600 lb Ice maker 1 240 lb Ice maker Chip drawer Can shelf Fryer Gas stove 2 door dishwasher machine 2 ice storage units at the bar Microwave Food line heater
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Top-rated independent Mexican restaurant with many fast-food around and plenty of retailer bringing traffic into the area
Growth & Expansion:
Capitalize on the gaming income as well as increasing bar tabs and catering
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About the Sale

Reason For Selling:
Relocation
Training/Support:
Owner will train

Listing Info

ID:
1644445
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Business Listed by

Robin Gagnon

We Sell Restaurants
License# GA SL327379

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152


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