Active
Absentee Owned Regional Mexican Restaurant Chain Location - Seller Financing Available! - SC2180
Absentee Owned Regional Mexican Restaurant Chain Location - Seller Financing Available! - SC2180
Asking Price: $225,000
Cash Flow: On request
Gross Revenue: $428,000
Down Payment: $56,250
This restaurant chain has been a family-owned business since 1954, starting as a small trailer appearing at resorts in Northern California. Frequented by celebrities, word quickly spread of the amazing flavor and unique offerings. Stuffed with fresh, good quality, homemade ingredients, their tacos, and burritos became mainstays at various locations in California and Nevada. Their 70-year history is proof that this chain has what it takes to stay relevant.
City: Northern California
State: California
The reason for selling is the Seller would like to pursue other interests.
Year Established: 2021
Home Based: No
Franchise: Yes
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 2
Part-Time Employees: 4
Contractors: N/A
Owner Worked Hours/w: N/A
Adjusted EBITDA: On request
Inventory Included: Yes
Inventory Value: $3,000
Monthly Rent: $6,673
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 1500
FF&E Included?: Yes
FF&E Value: $50,000
The Seller is willing to provide training for 2 weeks at 20 hours per week. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.
They operate out of a 1,500 square foot space with base rent at $4,672 per month with CAM charges of $2,001 per month and 10 months left on the lease. The lease is transferable.
The Mexican Restaurant industry has thrived over the past five years in response to several favorable trends that have increased the consumer base for Mexican cuisine. Additionally, domestic adaptations of Mexican cuisines, such as Tex-Mex, have grown in popularity. Overall, industry revenue grew an annualized 4.7% to $89.8 billion over the past five years, including growth of 1.9% in 2023 alone.
NV 1003039
Listed By: Jane Roberto
Background information
Reference:
SC2180
Year established:
2021
Reason selling:
The reason for selling is the Seller would like to pursue other interests.
Finance
Sales:
$428,000
Operations
Employees:
Full-Time Employees: 2 Part-Time Employees: 4 Contractors: N/A
Equipment:
FF&E Included?: Yes FF&E Value: $50,000
Inventory:
Inventory Included: Yes Inventory Value: $3,000
Furniture fixtures and equipment:
Inventory Included: Yes Inventory Value: $3,000
Premises
Facility:
They operate out of a 1,500 square foot space with base rent at $4,672 per month with CAM charges of $2,001 per month and 10 months left on the lease. The lease is transferable.
Square footage:
1500
Rent and lease terms:
Monthly Rent: $6,673
Location:
City: Northern California State: California
Opportunities
Growth:
Domestic adaptations of Mexican cuisines, such as Tex-Mex, have grown in popularity. Overall, industry revenue grew an annualized 4.7% to $89.8 billion over the past five years, including growth of 1.9% in 2023 alone.
Market:
The Mexican Restaurant industry has thrived over the past five years in response to several favorable trends that have increased the consumer base for Mexican cuisine. Additionally, domestic adaptations of Mexican cuisines, such as Tex-Mex, have grown in popularity. Overall, industry revenue grew an annualized 4.7% to $89.8 billion over the past five years, including growth of 1.9% in 2023 alone.
Price and terms
Price:
$225,000
Down payment:
$56,250
Financing:
The Seller is willing to carry a promissory note for up to 75% of the purchase price over a 7-year period at an amazingly low 3% interest. The amount financed will depend on the offered purchase price and the quality of the Buyer.
Training:
The Seller is willing to provide training for 2 weeks at 20 hours per week. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.