Mexican Grill & Cantina

Otsego County, NY

Asking Price:	$250,000
Gross Revenue:	$888,909
FF&E:	$38,500

Cash Flow:	$154,162
Inventory:	$9,000
Established Year:	2010

Listing ID: 2281722Listing provided by BizBuySell

BUSINESS DESCRIPTION

This Mexican Restaurant is primed for new ownership! The strong following developed over the past 14+ years hits the trifecta on patronage: local and business professionals, college faculty & students, and strong summer tourism. Situated in beautiful Upstate New York, this restaurant checks all the boxes:

Authentic Mexican Cuisine
Robust Liquor Sales featuring Live Entertainment
Plenty of Seating (In & Out) with a well-appointed bar
Catering and Take-Out Services
Seasoned, dedicated staff
Favorable lease with Expansion Opportunities to adjacent space
Conveniently located with ample parking

This business only requires a $30,000 down payment with lender financing.

Don’t miss this opportunity to own a profitable, well-established college town restaurant!

DETAILED INFORMATION

Location

Relocatable

Inventory

Included in asking price

Real Estate

Leased

Building SF

2,088

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

This 2,088 square foot restaurant operates in a retail strip centrally located in a bustling downtown setting. Physical expansion opportunities into adjacent space available. The restaurant’s kitchen offers ample workspace & prep zones, small and heavy-duty appliances, beverage center cooler for desserts, margarita machine, and more!

Competition

This restaurant enjoys a loyal community and college-town following with its quality of food, themed events & offerings, friendly staff, and strong value proposition. Situated only 25 miles from Cooperstown Hall-of-Fame, Baseball World and All-Star village, the summer travel season of youth baseball teams and family vacationers provides the restaurant with year-round business. The restaurant industry remains competitive, but over the past 14+ years this family business has distinguished itself and cultivated a strong niche in the community.

Growth & Expansion

The business could expand into the adjacent store at end of 2024 Tax Season to increase capacity for catered events, lunch & dinner seating, and expansion of the highly lucrative bar business. Other growth areas include increased advertising and marketing initiatives, expansion of their food delivery services, collaboration/partnerships with local hotels and travel related businesses, and leveraging the college community for catered events.

Financing

Lender pre-screened with $30K down.

Support & Training

Will train for 2 weeks @ $0 cost.

Reason for Selling

Owners relocating out-of-state to pursue other interests.

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