Mexican Restaurant + 18 Years

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Mexican Restaurant + 18 Years
Asking Price:
$250,000

Gross Revenue:
$236,125
Cash Flow:
$54,130
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$2,500
included in asking price

FF&E:
$25,000
included in asking price

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Business Description

Mexican Restaurant - South Bay BTI 8592
Long time (+ 18 years) well established Mexican Restaurant in a prime corner location in an affluent south bay city. The owner is absentee with her daughter and
one PT and one FT employee working in the business. The hours can be expanded as they currently close at 6:00 PM Monday - Friday and 3:00 PM on Saturday
and are closed on Sunday. An additional source of income is an on site food cart that is idle and can be activated by the buyer,
Sales: $236,125 Purchase Price $250,000 Down Payment $250,000
Cash Flow $54,130 For 12 months ending Dec 2017 from owner provided P&L
Rent $3,481 NNN $440 Bldg Size 1,495 Sq. Ft. Exp 12/31/2020 One Option for 5 Yrs
Owners FT 0 PT 0 Employees FT 2 PT 1 Reason For Sale: Retirement
Hours: Monday - Friday 10:00 - 6:00 Saturday 10:00 - 3:00 Sunday Closed

Farley Gouner Broker Associate CA BRE 01271117 farley@business-team.com

About the Business

Year Established:
2000
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
1,495
Lease Rate/Sq. Ft./Mo.:
$2.63
Lease Expiration:
12/31/2020
Facilities:
1,495 Square Feet
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About the Sale

Reason For Selling:
retirement
Training/Support:
2 weeks for 20 hours per week

Listing Info

ID:
1498459
Ad Detail Views:
69

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Business Listed by

Farley Gouner

Business Team - 01271117

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