Mexican Restaurant for Sale in Coral Springs - Great Lease and Profita

Contact Seller
This Mexican restaurant for sale has had four consecutive years of sales and pro
Asking Price:
$120,000

Gross Revenue:
$334,354
Cash Flow:
$35,685
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Share this business:

Business Description

Mexican Restaurant for Sale in Broward County, Florida has great online reviews and authentic recipes. Located in trendy Coral Springs, this Mexican restaurant for sale has had four consecutive years of sales and profit growth.
The owners of the Mexican restaurant for sale built out this space in 2015 and have operated the restaurant since inception. The restaurant has had an increase in both sales and profits every year since being established. The owners benefit in 2018 were in excess of $45,000 on gross sales that approached $400,000. Recent trends indicate that profits in 2019 will be more than $50,000. The room for growth in this restaurant is very good. The restaurant has very good online reviews but no website. Adding an online presence, starting an advertising program to promote the restaurant, implementing a delivery program, and promoting catering services are all untapped marketing opportunities that will greatly add to both sales and profits.
Brought to you by We Sell Restaurants, this Mexican restaurant for sale is located in a big-box retail shopping center. This anchor attracts many customers to the center. The five-mile radius population is in excess of 300,000 residents with an average household income of more than $80,000. Close to SR 7, you will have ample lunch customers for both eat-in and delivery as the highway is home to numerous businesses, car dealerships, offices, etc. that will provide countless daytime customers for lunch and evening business. Other tenants in the shopping center include retail, restaurants, and service providers. The restaurant occupies 2,000 square feet and seats 85 guests inside with another 8 guests being to sit very comfortably on the three outdoor tables. The long term lease is below market value with a monthly rent of $4,300 including all taxes and CAM. The lease expires on October 31, 2019, and there are two five year options attached.
The Mexican Restaurant has all the equipment you will need to operate the current menu or add additional items. The exhaust hood is 16 feet long and the grease trap is in the ground. The kitchen equipment includes a six-eye burner, char-broiler, flat-top, fryer, and candy stock pot burner. There is a walk-in cooler and all refrigeration is commercial grade. The waitress station is equipped with a tortilla press, tortilla warmer and much more. The restaurant is set up to handle high volume and can continue to grow sales and profits. The front of the house is set up nicely with a mix of booths, tables, and bar top seating.
The menu features more than seventy entree items along with appetizers and desserts. The recipes are authentic Mexican as the owners have grown up in Mexico and learned the industry in Mexico. All recipes will transfer with sale and the owner will remain for two weeks of training to assure that the quality remains high. The restaurant has a 2COP license and the bar features a keg box that has three beers on tap.

About the Business

Year Established:
2015
Number of Employees:
6
Real Estate:
Leased
Building Sq. Ft.:
2,000
Rent:
$4,300.00 Per Month
Lease Expiration:
10/31/2019
Facilities:
6 bar stools 2 tank beverage dispenser Keg box with two heads and 3 taps Three door low boy glass door cooler POS system Ice we ll 2 freezers Wine cooler 26 tables 21 chairs 10 booths 3 television 3 highchair Glass door cooler Three drawer bread warmer Tortilla press 2 utility carts Ice machine S s shelving 2 freezer chests Three door sandwich cooler Four hotel pan electric steam table Candy stock pot Flat top Fryer Prep table Walk in cooler
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Located in a Big Box anchored shopping center in Coral Springs the demographics in the surrounding area is very strong Five mile radius of 390 000 residents with household income of 82 000 annually
Growth & Expansion:
As third party delivery sites continue to grow this restaurant is poised for growth by starting to get included in delivery services
Contact the Seller

About the Sale

Reason For Selling:
Relocation
Training/Support:
Owner will train for two weeks at no additional cost

Listing Info

ID:
1600224
Ad Detail Views:
0

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Ken Eisenband

We Sell Restaurants
License# BK3249847

 Show Phone Number

View My 33 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Broward County, FL
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 Broward County, FL
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.


Similar Listings


Report an Issue 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 & Conditions.