Mexican Restaurant And Cantina With 41 License Bar

175k
Riverside County

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Mexican restaurant in a nice center with cheap rent. Located close to freeway access on a major street with good visibility. Excellent layout with a large clean kitchen, big dining area with separate bar room. The bar is well designed, 10 taps, well sinks etc. The bar gets very busy in the weekends especially during sporting events. Alcohol consists of 15% of sales, “middle class” clientele. 20-25% of sales are catering to local companies and organizations. The business is owner operated and well run with high quality employees in place. The restaurant is well known locally for having both good food and bar service. The population in this city has seen huge growth as well as residential and commercial development in the past 5 years. The landlord is easy to work with, rent around 10% of gross, low cost of goods, loyal clientele and a good reputation. The owner is planning to retire and spend time with family.

Asking Purchase Price: $175,000
Annual Adjusted Net: $100,000
Annual Gross Income: $400,000

Call: (714) 366-5498
Ad Reference #:2876