Absentee Owned Regional Mexican Restaurant Chain Location - Seller Financing Available! - SC2180

Business Overview:

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. 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:

They operate out of a 1,500 square foot space with base rent at $4,672 per month with CAM charges of $2,001 per month and 10 months left on the lease. The lease is transferable.

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.

Reason for Selling:

The reason for selling is the Seller would like to pursue other interests.

Additional Details:

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