Business Details

Iconic Mexican Restaurant and Full Separate Bar

Location : Orange County

Type of Business : Iconic Mexican Restaurant with Full Bar

Asking Price : $1,450,000
Inventory : $70,000

Summary of Business

Long Established and very well known, Iconic Mexican Restaurant with full separate bar. Business has been very busy for decades. Good Central Orange County location. Current gross sales of $178,000 are an average for January - March 2021. Business was opened and closed during 2020. Sales are now reaching close to pre-pandemic numbers. Seller just spent around $100,000 (per seller) on business upgrades from remodeling dining and bar to new walk-in coolers and misc. equipment. Seller's old numbers were even higher. Long Term lease available. Seller may carry a note on an approved, experienced buyer with good credit.

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Other Details

Reason for Sale: Other interests

Income

Gross Yearly Sales: $200,000

Rent

Total Rent: $12,000
NNN: $2000
Options: 0
Sq. Ft: 3,600

Employees

Number of Employees: 26
Full time: 20
Part time: 6
Hours of Operation: 10:30 am - 9 pm, Fridays 10:30 am - 10 pm Payroll: $42,000

Expenses

Insurance: $16,000 per year
Electric: $3,000
Phone: $800
Internet and TV: $500

Additional Details

Year Established: 1983


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