Tex-Mex Restaurant & Bar - Absentee Owner
| Asking Price: | $157,500 |
| Gross Revenue: | $480,000 |
| Rent: | $9,000/Month |
| FF&E: | $150,000 |
| Cash Flow: | $125,628 |
| Inventory: | $8,000 |
| EBITDA: | $125,628 |
| Established Year: | 1992 |
Excellent opportunity to buy a local favorite with great food, service, and atmosphere. The menu features Tex-Mex favorites such as tacos, flautas, chimichangas; American fare such as chicken fried steak, burgers and more. Alcohol license in place. There is also a separate area that features a bar, two pool tables and a stage for live music. Owner invested over $100,000 in renovations. A/C units replaced in 2022. Fully-equipped kitchen with 2 venthoods, walk-in cooler and walk-in freezer.
Seating for 300. Total 6,000 saft. Rent $9,000. Manager and 6 employees operate the business as owner lives out of state. Sale includes LLC and licenses/permits.
Strong growth potentials by having a local owner-operator, adding more delivery companies, and opening for breakfast and/or late night until 2am. Contact broker to schedule showing today.
