Absentee Owned Mexican Restaurant Chain - SC2180
Not Disclosed, CA Not Disclosed
Northern California
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- RE: Absentee Owned Mexican Restaurant Chain - SC2180
- Contact: Adriana Sargent
- License #: 02100708
Quick Facts
| Asking Price: | $225,000 | |
| 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:
Absentee Owned Regional Mexican Restaurant Chain Location - Seller Financing Available! - SC2180
Asking Price:Â $225,000
Cash Flow:Â On request
Gross Revenue:Â $428,000
Down Payment:Â $56,250
Absentee Owned Regional Mexican Restaurant Chain Location - Seller Financing Available! - SC2180
This restaurant chain has been a family-owned business since 1954, starting as a small trailer appearing at resorts in Northern California. Frequented by celebrities, word quickly spread of the amazing flavor and unique offerings. Stuffed with fresh, good quality, homemade ingredients, their tacos, and burritos became mainstays at various locations in California and Nevada. Their 70-year history is proof that this chain has what it takes to stay relevant.
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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
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