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Established Mexican Restaurant with the most Authentic Mexican Cuisine

Wilmington, NC
Quality Unequaled!
Asking Price:$250,000
Gross Revenue:$495,000
EBITDA:$40,000
Established Year:2013
Cash Flow:$100,000
Inventory:$3,000
FF&E:$85,000
Listing ID: 2173524Listing provided by BizBuySell
BUSINESS DESCRIPTION

Includes well established Catering Service.

The most popular Authentic Mexican Cuisine in southeast NC. Operationally survived Covid and transformed its business model to be pandemic proof. Well established online ordering system, utilizing all latest services such as Door Dash, Grub Hub, etc... The last several years has built a reputation for excellent catering & event services. The traditional menu has specialties quite like no other Mexican Restaurant, including their signature White Cheese Queso. The menu is complimented with Mexican Beers and home-made Margaritas. The dining area and kitchen have been recently updated with new coolers, painting, and fixtures providing for the new owner to be a turn-key transition. Well-managed cost controls allow a Buyer to enjoy a well vetted vendor list and a 69% Profit Margin for 2022 and the current calendar year. This ideal for an owner-operator buyer with experience in the restaurant industry.

DETAILED INFORMATION
Location
Wilmington, NC
Inventory
Included in asking price
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Ideally located in Mid-town Wilmington. Close proximity to a high school that generates a-lot of traffic from students as well as sports teams. The service line flows nicely providing excellent customer service. The sellers have made approximately $50K in leasehold improvements. There is more than ample parking and has some tables for outside seating.
Competition
Revenue is consistent at $500K. This is not fast food therefore the quality of the menu makes it a destination dining venue. Only two other similar restaurants between Midtown Wilmington and Carolina Beach. Advertising mainly done via ChowNow.
Growth & Expansion
Catering Opportunities are only limited to the time a new owner wants to invest. A second location in Brunswick County, the fastest growing county in NC, would be an immediate success.
Support & Training
Seller will provide 30-day Training and support.
Reason for Selling
The owners recently acquired another business in a non-related industry.
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Terry Smith
Transworld Business Advisors
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Terry Smith Transworld Business Advisors
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