Absentee Owned Regional Mexican Restaurant Chain Location - SC2180
| Asking Price: | $225,000 |
| Inventory: | $3,000 |
| FF&E: | $50,000 |
| Gross Revenue: | $428,000 |
| Rent: | $6,673/Month |
| Established Year: | 2020 |
Popular and Established, Absentee Owned Mexican Restaurant Chain - Seller Financ
Absentee Owned Regional Mexican Restaurant Chain Location - Seller Financing Available! - SC2180
Financial Information
Asking Price: $225,000
Cash Flow: On request
Gross Revenue: $428,000
Down Payment: $56,250
This Northern California based Mexican Restaurant chain single location is a Sub-Chapter S corporation and has been in operation for the past 3 years under current ownership. The Seller owns multiple businesses, so this is an absentee run business with a complete leadership team in place. This restaurant chain is regional and is extremely popular, offering tacos, burritos, enchilada plates, salads, suites, etc.
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.
Business Location
City: Northern California
State: California
Reason for Sale
The reason for selling is the Seller would like to pursue other interests.
Detailed information
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
Training/Support
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.
Facilities
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.
Market Outlook/Competition
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.
CA 02100708
NV 1003039
