Mexican Restaurant + 18 Years

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Mexican Restaurant + 18 Years
Asking Price:
$225,000

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 BTI 8592
Long time (18+ years) well established Mexican Restaurant at a prime corner location in an affluent south bay city surrounded by high tech businesses and great neighborhoods. An additional source of income is an onsite food cart that can be activated by the buyer as the only permit available in that city and will be a significant source of income. Cash flow would be increased through extending hours.
Sales: $236,125 Purchase Price $225,000 Down Payment $225,000
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. Expires 12/31/2020
One Option for 5 Yrs
Owners FT 0 PT 0 Employees FT 2 PT 1
Hours: Monday - Friday 10:00 - 6:00 Saturday 10:00 - 3:00 Sunday Closed
Farley Gouner Broker Associate CA BRE 01271117 Ph: 408-385-0402

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:
leaving business
Training/Support:
2 weeks for 20 hours per week

Listing Info

ID:
1498459
Ad Detail Views:
745

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Business Listed by

Farley Gouner

Business Team
License# 01271117

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