Mexican Burrito Grill (#22661)
| Asking Price: | $299,000 |
| Gross Revenue: | $1,000,000 |
| Rent: | $4,721/Month |
| Cash Flow: | $150,000 |
| Inventory: | $5,000 |
| Established Year: | 2014 |
Established Mexican Burrito Grill In Suffolk County
Overview of the Restaurant for Sale
Located in a bustling shopping center on a major roadway, this recently remodeled Mexican restaurant is a rare find in today's economy. The area boasts a diverse and vibrant demographic, contributing to the high foot traffic and robust customer base. With a blend of urban and suburban characteristics, the neighborhood is known for its dynamic mix of families, young professionals, and retirees, creating a steady stream of patrons for the business.
Key Features
Location: Heavily trafficked shopping center on a major road
Seating: 18 dine-in seats
Business Model:
90% takeout and delivery via secondary platforms 10% dine-in
Tenure: Staple in the community for 10 years, with current owners since April 2022
Operations: Primarily absentee-run with owners spending 15 hours per week on-site
Storefront:
Size: 1,200 Sq Ft
Recent Renovation: $100K investment 2 years ago
Equipment: Mostly 2 years old, including a new walk-in box
Lease Details: Remaining Term:
Approximately 8 years
Unique Lease Structure: No annual increases, next increase in 2027 by $200/month
Current Rent: About 6% of gross annual sales
Potential: Significant opportunity for both owner/operators and absentee owners
Reason for Sale: Current owners are pursuing other interests
