Middleboro-Fabulous Mexician Restaurant.
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SELLING PRICE: $295K DOWN PAYMENT: $125K cash req’d
plus additional financing for $25K
SALES VOLUME: $30K - $35K/wk
LEASE: $15K/mo (includes NNN) (10% of sales) Years left: 5 yrs….more available
SQUARE FOOTAGE: 7,200 sf. ($25/sf)
HOURS OF OPERATION: 12 PM to 10 PM
SEATING: 220 seats (includes 12 seats at the bar)
REASON FOR SELLING: “ Absentee owner “
Verifiable annual net profit: $150,000 without hands-on involvement.
COMMENTS: This one of the most beautiful restaurants that I’ve ever seen…the best of furniture, professionally designed. Huge kitchen designed for hi-volume efficiency.
Buyer will inherit a large, experienced staff…just lacking daily oversight.
Functions are in high demand…larger function area is recommended with redesign of excess dining area. A seasoned multi-unit operator will jump on this opportunity.
plus additional financing for $25K
SALES VOLUME: $30K - $35K/wk
LEASE: $15K/mo (includes NNN) (10% of sales) Years left: 5 yrs….more available
SQUARE FOOTAGE: 7,200 sf. ($25/sf)
HOURS OF OPERATION: 12 PM to 10 PM
SEATING: 220 seats (includes 12 seats at the bar)
REASON FOR SELLING: “ Absentee owner “
Verifiable annual net profit: $150,000 without hands-on involvement.
COMMENTS: This one of the most beautiful restaurants that I’ve ever seen…the best of furniture, professionally designed. Huge kitchen designed for hi-volume efficiency.
Buyer will inherit a large, experienced staff…just lacking daily oversight.
Functions are in high demand…larger function area is recommended with redesign of excess dining area. A seasoned multi-unit operator will jump on this opportunity.
About the Business
- Years in Operation
- 6
- Facilities & Assets
- Beautifu buildout. Has 3 dining rooms, small function room for 20 guesta and a gorgeous bar seats 18.
Big kitchen, great atmosphere. Does not need a thing. - Market Outlook / Competition
- Great location, plenty of parking, good vibrant area, excellent food, commenst are very good.
- Opportunities for Growth
- Function space in demand here. Easily can use one of the dining rooms for functions, or simply make one of them a verastle function space.
About the Sale
- Seller Motivation
- Seller has other interests ans restaurants to tend to.
- Transition Support
- Yes . will train for up to 2 weeks if necessary.
- Financing Options
- Seller will over financing for a qualified client.
Listing Info
- ID
- 2483464
- Listing Views
Listing ID: 2483464 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 of Use. Learn how to avoid scams.
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