Luisa's Mexican Restaurant, Patio and 2nd Level Cantina
Geneva, OH
| Asking Price: | $685,000 |
| Inventory: | $2,000 |
| Real Estate: | $398,000 |
| Gross Revenue: | $225,000 |
| FF&E: | $112,000 |
| Established Year: | 2016 |
Listing ID: 2098912Listing provided by BizBuySell
BUSINESS DESCRIPTION
This Turm-key building houses a profitable Mexican restaurant in the heart of Geneva on the Main Thru-fare to Geneva-on-the-Lake. The patio, accessories, build-out, business personal property, staff, appointments, and the fully renovated two-story restaurant/cantina with finished basement storage are included in the Sale.
The restaurant theme is Mexican but may be changed to suit your concept. There are two bars, one up and one down. The 2nd level Cantina bar is fully outfitted and has its own exterior entrance along with an interior main dining area and stairway to the main first level dining room.
DETAILED INFORMATION
Location
Geneva, OH
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
5,175
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The building has been meticulously restored and maintained. The custom finishes are in place and included in the sale. Interior and exterior finishes are updated and attractive.
A full-service kitchen is located on the main dining level, with a full-service bar on the main level and a full-service bar on the second level.
Competition
The market supports this restaurant and patio. The hours due to family circumstances have been far reduced and this is a value-add, opportunity sale.
Growth & Expansion
Expansion opportunities exist with longer hours over more days. The business is supported by the Spire Institute within a very short distance. Geneva-on-the-Lake is located within a few miles and traffic must pass by the location from the freeway to GOTL. The second level Cantina is under-utilized and should be open later than the restaurant. The patio is a very popular entertainment spot during special events and the summer months.
Financing
Let's talk about options that work in this market!
Support & Training
The Owners will remain onsite for training and introductions to key clientele, staff, and vendors for a period of thirty days at key times.
The Owners are willing to discuss partial Owner Financing.
Reason for Selling
Retirement due to family illness.
BUSINESS LOCATION
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