Tequila Bar Mexican Experience Seller Financing

Coral Springs, FL

Seller Financing Available

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Asking Price:$599,000
Gross Revenue:$1,656,018
FF&E:$247,000
Cash Flow:$355,868
Inventory:$10,000
Established Year:2022
BUSINESS DESCRIPTION

Attractive Price Seller Financing

Great Opportunity! Turn Key Restaurant

Seller financing $349000This beautiful upscale Latin cuisine restaurant currently set up as a tequila lounge Mexican experience with a 4COP SRX liquor license boasts an impressive newly installed state of the art commercial kitchen built to accommodate all catering and restaurant needs no matter the size. Kitchen remodel coming out to $350,000 in new hardware, in addition to another $240,000 for a bar remodel, performance stage, artwork, interior design, new ac units, bathroom remodel and many more upgrades. This location is a standalone with its own dedicated parking and it continues to grow, having recently obtained new and lucrative catering contracts with big companies locally due to the newly built catering and marketing staff. This is a 4 in 1 turnkey business offering restaurant, bar , catering and events venue with all infrastructure , operations, staff, inventory and a long list of clients , vendors and contracts to go with it The chef can prepare culinary delights for in-house diners while the separate catering kitchen can operate simultaneously. It is perfect for all types of corporate and private events and has regularly scheduled nightly attractions such as dancing, karaoke and lady’s night. Located in a plaza with abundant parking in an upscale area with multiple condominiums on a busy roadway, there is an excellent opportunity for continued growth. The Current owner will honor all upcoming events, even ones that will be televised bringing more exposure to the restaurant.”


DETAILED INFORMATION
Location
Coral Springs, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
5,560
Lease Expiration
30/12/2030
Employees
13
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
225 Seat capacity. Improvements include replacing all existing kitchen equipment with new and state of the art equipment, upgrading irrigation system on the exterior of the building, upgrading lighting in the interior and exterior of the building, and upgrading the bathrooms. Brand new ac unit.
Competition
There is no direct competition in area.
Growth & Expansion
Positive reviews from guest appreciating the atmosphere, attentive wait staff and flavorful dishes. Restaurants are an integral part of our social fabric; 6 in 10 adults say restaurants are an essential part of their lifestyle. The National Restaurant Association projects 2030 restaurant sales to increase to $1.2 trillion dollars, up from $789 Billion dollars in 2021 and provide employment opportunities for more than 17 million individuals.
Financing
$399,000 Seller financing
Support & Training
2 weeks training no cost
Reason for Selling
Other Business Interests
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