Business Overview

Norcross GA Mexican Restaurant & Bar for Sale – 2021 Net Profit $217,000 – Well Established – Easy to Run – Full Staff – Anchored Location – Low Rent – Attractive Pricing.

Norcross GA Mexican Restaurant & Bar.

3,000/SF.
Seating for 110.
Bar seats 15.

$4,300 monthly rent, all in.
Term remains on lease with option to renew.

Owner works 4-hours a day for 5-6 days.
Staff is all hourly except Kitchen Manager at $50,000 annually.

2021 Gross Sales $639,348.
2021 Net Profit $217,000.

Books and records available.

Well Established with same Owner for 10-years.

Nationally anchored location.

Easy to Run.

Full Staff.

Low Rent.

Attractive Below Market Pricing.

$225,000 with some Owner financing.

Financial

  • Asking Price: $225,000
  • Cash Flow: $217,000
  • Gross Revenue: $639,348
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2012

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,000
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Nationally anchored location. Easy to Run. Full Staff. Low Rent. 3,000/SF. Seating for 110. Bar seats 15. $4,300 monthly rent, all in. Term remains on lease with option to renew. Owner works 4-hours a day for 5-6 days. Staff is all hourly except Kitchen Manager at $50,000 annually.

Is Support & Training Included:

Ask broker for details.

Purpose For Selling:

Other business interests.

Pros and Cons:

Ask broker.

Opportunities and Growth:

Ask broker.

Additional Info

The business was started in 2012, making the business 10 years old.

The real estate is leased by the company for $4,300 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell businesses. However, the real reason vs the one they tell you may be 2 completely different things. As an example, they might say "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might just be justifications to try to hide the reality of transforming demographics, increased competition, recent reduction in incomes, or a range of various other reasons. This is why it is very crucial that you not rely totally on a vendor's word, yet instead, make use of the vendor's solution combined with your overall due diligence. This will paint an extra practical picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses finance loans with the purpose of covering items such as inventory, payroll, accounts payable, etc. Bear in mind that in some cases this can mean that earnings margins are too thin. Numerous businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that have to be satisfied or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area draw in brand-new customers? Many times, businesses have repeat consumers, which form the core of their everyday revenues. Specific factors such as new competition sprouting up around the area, roadway construction, and also employee turn over can affect repeat clients and also negatively impact future profits. One crucial point to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business often, the better the possibility to build a returning client base. A last idea is the general location demographics. Is the business located in a largely populated city, or is it located on the outside border of town? How might the local median house income effect future revenue potential?