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Iconic Mexican Restaurant and Full Separate Bar
Asking Price : $1450000 Plus Inventory, Approximately $5,000
Inventory : $70000
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Confidential Visit 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.
Other Details
Reason for Sale: Other interests
Income
Gross Yearly Sales: $200000
Rent
Total Rent: $12000
NNN: $2000
Options: 0
Sq. Ft: 3600
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: $ 42000
Expenses
Insurance: $ 16000 per year
Electric: $ 3000
Phone: $ 800
Internet and TV: 500
Additional Details
Year Established: 1983
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