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- RE: Absentee Owned Mexican Restaurant Chain - SC2180
- Contact: Adriana Sargent
- License #: 02100708
Quick Facts
Asking Price: | $125,000 | |
Annual Revenue: | $428,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $50,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2021 | |
Employees: | 6 | |
BBN Listing #: | 947503 | |
Broker Reference #: | SC2180 |
Business Overview:
Asking Price:Â $125,000
Cash Flow:Â On request
Gross Revenue:Â $428,000
Down Payment:Â $31,250
This Northern California based Mexican Restaurant chain single location is a Sub-Chapter S corporation and has been in operation for the past 3 years under current ownership. The Seller owns multiple businesses, so this is an absentee run business with a complete leadership team in place. This restaurant chain is regional and is extremely popular, offering tacos, burritos, enchilada plates, salads, suites, etc.
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Property Features and Assets:
Business Location
City: Northern California
State: California
Detailed information
Year Established: 2021
Home Based: No
Franchise: Yes
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 2
Part-Time Employees: 4
Contractors: N/A
Owner Worked Hours/w: N/A
Adjusted EBITDA: On request
Inventory Included: Yes
Inventory Value: $3,000
Monthly Rent: $6,673
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 1500
FF&E Included?: Yes
FF&E Value: $50,000
Market Competition and Expansion:
The Mexican Restaurant industry has thrived over the past five years in response to several favorable trends that have increased the consumer base for Mexican cuisine. Additionally, domestic adaptations of Mexican cuisines, such as Tex-Mex, have grown in popularity. Overall, industry revenue grew an annualized 4.7% to $89.8 billion over the past five years, including growth of 1.9% in 2023 alone.
Training/Support
The Seller is willing to provide training for 2 weeks at 20 hours per week. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.
Reason for Selling:
The reason for selling is the Seller would like to pursue other interests.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
Relevant Links:
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