Mexican Grill & Cantina
Relocatable, NY Otsego County
Cooperstown NY area
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- RE: Mexican Grill & Cantina
- Contact: Marwan Nabulsi
Quick Facts
| Asking Price: | $250,000 | |
| Annual Revenue: | $888,909 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $154,162 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $38,500 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2010 | |
| Employees: | 26 | |
| BBN Listing #: | 953587 | |
| Broker Reference #: | 3602-18535 |
Business Overview:
This Mexican Restaurant is primed for new ownership! The strong following developed over the past 14+ years hits the trifecta on patronage: local and business professionals,college faculty & students, and strong summer tourism. Situated in beautiful Upstate New York, this restaurant checks all the boxes:
This business only requires a $30,000 down payment with lender financing.
Don’t miss this opportunity to own a profitable, well-established college town restaurant!
- Authentic Mexican Cuisine
- Robust Liquor Sales featuring Live Entertainment
- Plenty of Seating (In & Out) with a well-appointed bar
- Catering and Take-Out Services
- Seasoned, dedicated staff
- Favorable lease with Expansion Opportunities to adjacent space
- Conveniently located with ample parking
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Property Features and Assets:
This 2,088 square foot restaurant operates in a retail strip centrally located in a bustling downtown setting. Physical expansion opportunities into adjacent space available. The restaurant’s kitchen offers ample workspace & prep zones, small and heavy-duty appliances, beverage center cooler for desserts, margarita machine, and more!
Assets = $47,500
Market Competition and Expansion:
This restaurant enjoys a loyal community and college-town following with its quality of food, themed events & offerings, friendly staff, and strong value proposition. Situated only 25 miles from Cooperstown Hall-of-Fame,Baseball World and All-Star village, the summer travel season of youth baseball teams and family vacationers provides the restaurant with year-round business. The restaurant industry remains competitive, but over the past 14+ years this family business has distinguished itself and cultivated a strong niche in the community.
The business could expand into the adjacent store at end of2024 Tax Season to increase capacity for catered events, lunch & dinner seating,and expansion of the highly lucrative bar business. Other growth areas include increased advertising and marketing initiatives, expansion of their food delivery services, collaboration/partnerships with local hotels and travel related businesses, and leveraging the college community for catered events.
Reason for Selling:
Owners relocating out-of-state 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 not a franchise resale opportunity
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