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Lake County Mexican and American Fusion Restaurant for Sale

Lake County, IL
N2139 Lake Co. Mexican & American Restaurnat
Asking Price:$150,000
Gross Revenue:$504,176
Established Year:2011
Cash Flow:$154,572
Inventory:$10,000
Listing ID: 2199746Listing provided by BizBuySell
BUSINESS DESCRIPTION

Busy Location with 1A Liquor License and Gaming License

This Lake County Mexican and American fusion restaurant is local favorite. From breakfast to dinner, it offers a wide variety of options such as eggs & omelets, pancakes, crepes & waffles, soups, salads, sandwiches, and burgers. Their traditional Mexican offerings include:
• Enchiladas
• Quesadillas
• Fajitas
• Tacos
• Nachos
They offer desserts and a kids menu, too. Because they carry a liquor license, they offer beer, wine, cocktails, and hard liquor as well as coffee and soft drinks.

The restaurant has counter seating, 13 tables, and patio seating for warmer months. The staff offers quick, reliable service. Customers enjoy large portions at reasonable prices. There is a dedicated gaming room for the over-21 crowd. The restaurant has a active carry out business, too. The average cost of a meal per customer is $35. The restaurant serves between 280 and 380 customers weekly.

The restaurant draws customers from the surrounding residences and businesses. In fact, there is strong local patronage. With a strip center location, there is ample customer parking. The center sits on a busy road with an average daily traffic count of 15,300 vehicles.

As the new owner, grow the business with the use of social media, putting a marketing plan in place, adding delivery services, or by expanding the location. Additionally, move the restaurant to your desired location or negotiate a new lease. The sale price includes the recently upgraded appliances, licenses, and FF&E. Contact us today to find out more about this great opportunity!

Investment Considerations:
• Indoor & Patio Seating
• Dedicated Gaming Room
• Active Carry Out Business
• Recent Upgrades to Major Appliances
• 1A Liquor License
• Gaming License
• Licenses, FF&E Included in Sale
• Busy Location
• High Traffic Counts
• Ample Parking

ATTACHED DOCUMENTS
Profile Lake Co. IL Mexican & American Restauranat.pdf Download
DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
10
Facilities
The facility is approximately 2,000 SF with monthly rent of $2,800. The lease is month-to-month.
Competition
There are competitors throughout the Lake County area. However, there is limited direct competition in the restaurants particular area. There is ample room in the local market for this type of restaurant to thrive.
Growth & Expansion
There are ample opportunities for a new owner to grow the business. These include: • Expand the Location • Utilize Social Media • Use Food Delivery Apps/Services • Implement a Paid Marketing Strategy • Increase Alcohol Sales • Join the Illinois Restaurant Association
Support & Training
The Seller is willing to train and transition the new owner for a mutually agreed upon time immediately following closing. Seller also agrees to not compete with new owner for a mutually agreed upon term.
Reason for Selling
Seller is pursuing other interests.
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