Popular Mexican Restaurant with Liquor License

Bakersfield, CA

Seller Financing Available

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Asking Price:$425,000
Rent:$5,640/Month
Gross Revenue:$1,275,932
Established Year:1984
BUSINESS DESCRIPTION

Restaurants that stand out among competitors adapt to consumer preferences like healthier foods and creative food offerings, online presence, tablets and smart phone access.  This is something that can be used to grow this type of business.

Rising disposable income will fuel demand in the future for upscale dining.  This restaurant already possesses an authentic Mexican style dining room. The restaurant's current inventory includes a wide variety of quality wines, which can be purchased as inventory in the sale.  These amenities make this restaurant stand out in the local area.

Inventory is not included in the price and will be added to the list price upon inventory count by both the Seller & Buyer


DETAILED INFORMATION
Location
Bakersfield, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,820
Facilities
Lease: 9/1/2024 through 8/31/2027. $5,640/month, Non-transferable. Broker has a relationship with the lessor to negotiate a new lease.
Growth & Expansion
Market Share Nationwide: The largest is Casual dining $46.2bn. IBIS World, Aug 2024. Business Concentration: Top two in U.S. is California and Texas. IBIS World, Aug 2024. Key External Positive Drivers: Consumer Spending, Consumer Confidence index, Number of immigrants. Industry Structure Life Cycle: GDP expects long-term growth Performance Snapshot: 2024 1.2% growth Forecasted revenue: 2024-2029 2.4% IBIS World, Aug 2024.
Financing
Seller will consider some financing for a qualified buyer
Support & Training
Seller will negotiate a transition period
Reason for Selling
Retirement
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John
CBI, CCIM, DRE #556588
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John CBI, CCIM, DRE #556588