Profitable, Large Mexican Restaurant Near Austin, Texas

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Asking Price:
$115,000

Gross Revenue:
$1,081,651
Cash Flow:
$74,817
(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 profitable Mexican restaurant for sale just north of Austin. The owners are netting nearly $75,000! Keep or change the concept on this 6,000 square foot location that has a full commercial kitchen and all permitting!

This large Mexican restaurant for sale has a great location, a large bar, great food, great income, and features a chef's dream commercial kitchen! It is located right off I35 in a town that is literally one of the fastest growing cities in the United States. The current owners both work at the location, but they are ready to retire.

Although this Mexican restaurant for sale is obviously doing well, this space also has potential as a change-of-concept location. The price is much less than the build-out on a huge location like this one, plus this includes the full chef’s commercial kitchen and all the equipment, including the long hood and a significant walk-in freezer. Build-outs and permitting also take significant time; this location, offered by We Sell Restaurants, could be flipped and reopened much quicker, saving real time and money for an owner.

This Mexican restaurant for sale is one of the tenants in a large building with a huge parking lot, right off the interstate and a block off one of the main arteries through town, making it very visible and accessible. This location is a known destination, and its size and parking lot ensure that it can easily accommodate groups.

This Mexican restaurant for sale is surrounded by residential neighborhoods and large retailers. It is also near the historic downtown, meaning it targets business men & women and professionals during the week for lunch. And located just down the road is a large retirement community.

The dining room at this Mexican restaurant for sale seats approximately 200 people, with room for another 34 patrons out on the patio. The 6,000 square foot space can easily accommodate live entertainment! The commercial kitchen is fully equipped with a 12-foot hood system, two fryers, six burner stove, four-foot grill, three door cooler, sandwich tables, steam table and much more. It also features a jumbo 10 X 12 walk in cooler and freezer.

This profitable Mexican restaurant for sale is making money, but the owners are ready to enjoy their retirement. It is priced to sell with the current concept in mind, but this spot could also be an ideal location for conversion to Italian, fast casual, Mediterranean and more. Walk into an opportunity waiting for you to make your dream come true!

About the Business

Year Established:
2010
Number of Employees:
3 FT 24 PT
Real Estate:
Leased
Building Sq. Ft.:
6,350
Lease Rate/Sq. Ft./Mo.:
$7,900.00
Lease Expiration:
10/31/2023
Facilities:
1 Salamander
2 beer coolers
2 reach-in beer coolers
1 margarita machine
1 walk-in cooler
1 walk-in freezer
1 six-burner stove
1 six-burner range
1 flat-top grill
1 dishwasher
1 ice machine
2 single burners
1 steam table
1 cold prep table
1 sandwich cold prep table
1 small cold prep table
1 char grill
1 chip warmer
1 soda machine
1 single door refrigerator
1 deep fryer
2 ice bins
Aloha POS
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
The location is surrounded by residential neighborhoods and large retailers. It is also near the Historic downtown, meaning it targets business men/women and professionals during the week for lunch. And just down the road is a large retirement community.
Growth & Expansion:
This space is huge and could handle more traffic than it already does.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
1 week

Listing Info

ID:
1521374
Ad Detail Views:
782

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Business Listed by

Dave Duce

We Sell Restaurants

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Williamson County, TX
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 Williamson County, TX
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.


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