Iconic Mexican Restaurant for Sale with Growth Potential in a Charming and Desirable Area
This is a unique opportunity to acquire an iconic Mexican Restaurant for Sale that has been delighting diners for years with its authentic cuisine, inviting atmosphere, and a well-crafted bar. The restaurant is renowned for its delicious, origional and authentic dishes and signature margaritas, making it a go-to destination for locals and visitors alike. Over its long history, it has built a strong reputation and maintained a fiercly loyal customer base, firmly establishing itself as a cornerstone of the community in a charming and desirable area.
Located in a vibrant neighborhood with dense residential living and steady foot traffic, this Mexican Restaurant for Sale boasts excellent visibility and accessibility. The property features a fully equipped commercial kitchen, a beautiful hardwood bar area, off street parking, and rustic decor that contributes to the warm and welcoming ambiance. With a great location and an experienced staff dedicated to quality service, this restaurant offered by We Sell Restaurants presents a turn-key opportunity for new ownership.
Recently, the restaurant received permission to add outdoor dining, offering growth potential during the busy summer months. Currently, the Mexican Restaurant for Sale operates with limited hours and is not open for lunch, except for Fridays, which presents a clear opportunity to extend hours and increase revenue. New owners could further maximize the restaurant's potential by refreshing the menu, implementing a targeted marketing strategy, and leveraging the restaurant's reputation for a rebranding initiative.
The existing foundation, prime location, and permission for outdoor dining provide a perfect opportunity for growth under motivated and visionary ownership. The current owners are willing to offer comprehensive training and transition support to ensure a smooth handover and successful operation for new owners of this Mexican Restaurant for Sale.
For experienced restaurateurs or first-time buyers, this Mexican Restaurant for Sale is an exciting investment opportunity to own and revitalize an established restaurant in a thriving community.
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Location
Ramsey County, MN
Competition
Overview of Summit Hill Neighborhood
Summit Hill is one of the most desirable and historic neighborhoods in Saint Paul, known for its charming tree-lined streets, well-preserved architecture, and close-knit community. The area is steeped in history, with landmarks such as F. Scott Fitzgerald?s house, drawing visitors and maintaining the neighborhood's cultural significance. The blend of historic homes, local businesses, and upscale dining options creates a unique and thriving environment for restaurants.
The neighborhood is also home to a mix of residential and commercial properties, with strong foot traffic and steady patronage from both locals and visitors. The Grand Avenue corridor, where the restaurant is situated, is a bustling retail and dining destination that draws residents from across the Twin Cities. This vibrant street is a major draw, featuring an eclectic mix of restaurants, boutiques, and specialty stores, all within walking distance of the restaurant.
Nearby Schools and Institutions
Summit Hill is also home to several prestigious schools and institutions that provide a steady flow of customers:
? Hamline University School of Law: Located just a short drive away, this institution attracts students, faculty, and visitors to the area. The presence of a university community provides a reliable base of regular patrons, especially during lunch and evening hours.
? Macalester College: This liberal arts college, located nearby, draws students and staff who frequent the restaurants and caf?s in the Summit Hill and Grand Avenue areas.
? William Mitchell College of Law: Another well-regarded law school within proximity, providing access to an educated and professional customer base.
Dining Landscape and Competition
Summit Hill offers a diverse and thriving dining scene, with several prominent restaurants and food businesses contributing to the neighborhood's reputation as a culinary destination. La Cucaracha has established itself as part of this competitive yet complementary restaurant ecosystem. Nearby competitors include:
? Saji-Ya: A popular sushi and Japanese restaurant located just down the street, drawing a similar crowd of diners seeking a high-quality dining experience.
? Coconut Thai on Grand: A well-loved Thai restaurant that consistently attracts diners looking for unique Asian flavors.
? Red Rabbit Saint Paul: Known for its Italian fare, particularly pizza and pasta, Red Rabbit caters to families and couples in the neighborhood.
? Revival: A Southern-inspired restaurant offering elevated comfort food, Revival is a destination for both local residents and visitors to the area.
? The Gnome: A beloved beer and kitchen spot, offering a wide selection of craft brews and classic American dishes, appealing to both casual diners and foodies.
? Marc Heu Patisserie: A James Beard Nominated, high-end French patisserie, serving gourmet pastries and desserts, which draws food enthusiasts looking for luxury sweet treats.
? Grand Ole Creamery: A historic ice cream shop, offering homemade ice cream, is a family-friendly destination year-round and contributes to the area?s lively atmosphere.
Community Assets and Attractions
In addition to the vibrant restaurant scene, the Hope Breakfast Bar on Grand Avenue is a popular morning destination, further establishing the neighborhood as a go-to area for dining at all times of the day. The Summit Hill Association and various local events foster community engagement, which supports local businesses like La Cucaracha.
Conclusion on Location
Summit Hill's combination of history, upscale demographics, and thriving local business scene makes it an ideal location for a restaurant. The presence of prestigious schools, historical landmarks like F. Scott Fitzgerald?s house, and proximity to popular dining destinations on Grand Avenue ensures steady traffic throughout the day. La Cucaracha is positioned in one of the most sought-after areas of Saint Paul, providing a strong competitive advantage for any future owner.
Industry Overview
Summit Hill offers a strong customer base for restaurants, given its high population density of 8,541 people per square mile and a median household income of $66,250. The neighborhood's demographics, featuring well-educated and affluent residents, make it an attractive location for full-service dining.
Sources:
Summit Hill Association
Areavibes.com
