Business Overview

This restaurant believes in serving Mexican and Salvadorian food that sets the standard for quality and flavor. It is a large restaurant with a fully stocked bar. There are 40 tables with a large number of these being booths. The restaurant is divided into three sections, making it easy to separate people and allow space when not full. Two areas allow for semi-private gatherings. There is a sizable area in the front to allow for waiting when the restaurant is full. The kitchen is fully equipped with a walk-in cooler, a double door freezer, a single door freezer, dishwasher, fryer, grill, and griddle. There is a single door cooler, ice machine and a chip warmer. There is a storage area for dry goods, a restroom for kitchen staff in the kitchen, and a dumpster directly outside of the back door as well as a grease container.

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Financial

  • Asking Price: $165,000
  • Cash Flow: $54,394
  • Gross Revenue: $493,709
  • EBITDA: N/A
  • FF&E: $95,000
  • Inventory: $10,000
  • Inventory Included: Yes
  • Established: 1984

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:14
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

4000 SF in a retail building.

Is Support & Training Included:

2 weeks included

Purpose For Selling:

Pursue Other Opportunities

Additional Info

The business was founded in 1984, making the business 38 years old.
The transaction does include inventory valued at $10,000, which is included in the asking price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell operating businesses. However, the genuine factor and the one they say to you might be 2 totally different things. For instance, they might claim "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might simply be excuses to attempt to hide the reality of altering demographics, increased competitors, current reduction in incomes, or a range of other reasons. This is why it is really vital that you not rely entirely on a seller's word, yet rather, use the vendor's response combined with your general due diligence. This will paint a much more realistic image of the business's present scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Many companies finance loans in order to cover things like inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can indicate that revenue margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that should be met or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location bring in new consumers? Many times, businesses have repeat consumers, which develop the core of their everyday profits. Particular aspects such as brand-new competition sprouting up around the location, road building, and also personnel turn over can affect repeat consumers and adversely affect future revenues. One vital point to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the higher the opportunity to construct a returning client base. A final idea is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? Just how might the regional typical home earnings influence future revenue potential?