Business Overview

Successful full service Mexican Restaurant established over 40 years ago. Pleasing the locals and those from afar since 1981. Amazing authentic Mexican food along with a fun atmosphere including a full 47 liquor license. High visibility & street exposure, located on a major artery in Victorville. Great opportunity to own a profitable turn-key restaurant in an ideal location.

This sale includes a fully operational kitchen and comprehensive equipment list, ready to serve up any concept or keep it as is. This large, standalone location approximately 3,500 sq. ft. has plenty of space, seating, small bar area and ample windows to keep the location bright and inviting for customers.

Start day one with the current concept and loyal customer base or bring your own concept and build off the great client traffic in the area. This restaurant provides the right buyer to come in and use the momentum already established to push it forward including an experienced and well-seasoned staff to help insure a seamless transition to the new buyer.

Seller owned real property that is also available, to request more information, call or email Vince Castelluccio at 951-907-6320, v.castelluccio@sunbeltnetwork.com.

Financial

  • Asking Price: $459,000
  • Cash Flow: $81,349
  • Gross Revenue: $1,153,026
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $50,000
  • Inventory Included: N/A
  • Established: 1981

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:3,527
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

3,527 sq. ft. space, available for lease or purchase

Is Support & Training Included:

Seller will negotiate a transition period

Purpose For Selling:

Death in the family

Additional Info

The business was established in 1981, making the business 41 years old.
The transaction shall not include inventory valued at $50,000*, which ins't included in the requested price.

The company has 4 FTE, 13 PTE employees and is situated in a building with estimated square footage of 3,527 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell businesses. However, the genuine reason vs the one they tell you may be 2 entirely different things. For instance, they may state "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be excuses to attempt to conceal the reality of altering demographics, increased competitors, current reduction in profits, or an array of various other reasons. This is why it is extremely vital that you not depend absolutely on a vendor's word, but rather, use the seller's answer together with your total due diligence. This will repaint a more practical image of the business's present circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many companies take out loans in order to cover items such as inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that profit margins are too thin. Numerous organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that should be satisfied or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area draw in brand-new consumers? Most times, operating businesses have repeat clients, which create the core of their daily profits. Specific aspects such as new competition growing up around the location, roadway construction, and also employee turnover can influence repeat consumers and negatively influence future earnings. One vital point to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business on a regular basis, the higher the possibility to build a returning consumer base. A last idea is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood mean household income influence future earnings potential?