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Mexican Quick Serve Restaurant
Asking Price : $175000 Plus Inventory, Approximately $5,000
Inventory : $5000
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Confidential Visit Summary of Business
This is a quick serve Mexican restaurant in a industrial complex that caters to its nearby businesses. Restaurant has been established since 1986. Business has a very good reputation (4.5 stars online). Excellent lunch crowd with many loyal customers. Short hours, only open for lunch and dinner. They are known for having the best Mexican food in the area. Kitchen in this restaurant is perfect for catering, spacious cook line with and open layout. Storage area in the back is perfect for inventory and there is back door entrance for deliveries. Restaurant space is 60% kitchen 40% dining. Current owner has expanded by improving quality and offering catering. Just catering sales alone averages $40,000 per year.
Other Details
Reason for Sale: Owners is moving out of state
Income
Gross Yearly Sales: $408000
Adjusted Yearly Net Profit: $85000
Rent
Total Rent: $3363
NNN: $$ included in rent above
Options: 0
Sq. Ft: 15000
Employees
Number of Employees: 3
Full time: 1
Part time: 2
Hours of Operation: 6:30 am - 4pm
Payroll: $ 4550
Expenses
Gas: $ 350
Electric: $ 800
Phone: $ 150
Internet and TV: 150
Additional Details
Year Established: 1986
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