Well-established Landmark Mexican Restaurant

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Asking Price:
$1,750,000

Gross Revenue:
$3,090,000
Cash Flow:
$483,905
EBITDA:
$483,905
Inventory:
$70,000
not included in asking price

FF&E:
$140,000
included in asking price

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Business Description

Mexican and Tex-Mex restaurant that continues the same Mexican family traditions, providing great Tex-Mex food and Mexican food specialty dishes in Dallas, Texas. Enjoy lunch specials, complimentary valet during lunch, a full bar menu, brunch, 5 HD TV's in the bar, great happy hour specials, and a bright, cozy dining room full of festive colors!

Family-oriented and child-friendly with a re-laxed casual atmosphere where you will feel at home.

Conveniently located at 5617 West Lovers Lane, Dallas, Texas - just a couple miles south of North-west Dallas in affluent Park Cities area, Dallas.

Colorfully decorated destination offering Mexican standards, including margaritas & weekend brunch.

Colorfully decorated destination offering Mexican standards, including margaritas & weekend brunch.

About the Business

Location:
Dallas, Texas
Year Established:
1999
Number of Employees:
28
Real Estate:
Leased
Building Sq. Ft.:
3,346
Rent:
$31.00 Per Month
Lease Expiration:
9/30/2029
Facilities:
Located in a Very Busy strip center on Lovers Lane near the North Dallas Tollway.
Market Outlook/
Competition:
No competition. market is very tight.
Growth & Expansion:
- The restaurant is only open 6 days a week Increase to 7 days a week
- Stay open to 2 pm on weekend (only open until 10:00 pm Fri and Sat currently)
- Hire delivery drivers and start delivery to the immediate neighborhood
- Add more Catering. Currently not doing any catering marketing.
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About the Sale

Reason For Selling:
Owner is Retiring
Training/Support:
Owner is retiring but will train immediately, and would be willing to stay on part-time for 1 year to ease the transition.

Listing Info

ID:
1551742
Ad Detail Views:
529

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$
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Business Listed by

Andy Anderson

Restaurant.Properties at Henry S. Miller

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U.S. Census Data for Collin, Dallas and Denton Counties, TX
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Collin, Dallas and Denton Counties, TX
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Source: American Community Survey (2010-2014), United States Census Bureau.

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