Westminster Area - Tex-Mex Jackpot

Contact Seller
Rent a SPECTACULAR 5% of gross!!!
Asking Price:
$475,000

Gross Revenue:
$1,768,000
Cash Flow:
$366,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

• TYPE OF BUSINESS: TEX-MEX/SOUTHWEST
• LOCATION: 15 minutes West of Leominster
• SELLING PRICE: $475
• DOWN PAYMENT: $200K Down SBA Financing Available!
• SALES VOLUME: $34K/wk 1.8M/Yr!
• LEASE: $7500
• YRS. LEFT: TBD
• SQUARE FOOTAGE: 8500 ft.²
• HOURS OF OPERATION: WEEKDAYS 11:30AM-10PM, WEEKENDS 11:30AM-11PM
• SEATING: (inside 325 seats) (outside NA seats)

COMMENTS: WHAT AN OPPORTUNITY! You can own this Goldmine for only $200,000 down! 8500 ft.² and seating capacity of 325! Beautiful southwestern restaurant with delicious authentic recipes to encourage weeknight diners and a casual elegant ambience for that special day or large party celebrations. PLUS buffet dining for gotta-dash customers. There's something going on almost every night of the week with Taco Tuesday, Trivia, Ladies Night, and live bands! This restaurant is the local entertainment hub!

Free Standing Building adjacent to retail shopping, movie cineplex, major furniture stores, office parks and other great restaurants. 1/4 mile from busy highway and 1M+ cars daily. Plenty of on-site and street parking available. Owners have run successfully for 17 years! NETS OVER $360K

About the Business

Year Established:
2001
Number of Employees:
36
Real Estate:
Leased
Building Sq. Ft.:
8,500
Lease Rate/Sq. Ft./Mo.:
$7,500.00
Lease Expiration:
9/30/2025
Facilities:
Freestanding building with ample parking. Highly visible location off of major Highway and only a 1/4 mile from busy Route 2! Beautifully renovated interior. Large enough to accommodate nearly any size party. Once-in-a-lifetime opportunity. Don't let this one get away!
Market Outlook/
Competition:
This restaurant is currently, and without a doubt the spot for local nightlife. Other restaurants are opening in this area. But a season operator knows this isn't a negative, it's a positive! The 99 restaurant doesn't move into a new location without lots of market research. The research here shows this is a city which will double in size in the next few years.
Growth & Expansion:
This area definitely on the rise. Lots of major corporations and restaurants and expansion plans.
Contact the Seller

About the Sale

Reason For Selling:
After 17 years of successful operation owners are ready to retire.
Training/Support:
Owners are willing to train.
Seller Financing:
$200K Down. SBA Financing Available!

Listing Info

ID:
1550423
Ad Detail Views:
559

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Business Listed by

David Horn

New England Restaurant Brokers

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Sponsoring Broker:

Dennis Serpone
New England Restaurant Brokers

U.S. Census Data for Worcester County, MA
Age

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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 Worcester County, MA
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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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