Newly Designed, High Volume Mexican Restaurant/Bar
Not Disclosed, CA Alameda County
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- RE: Newly Designed, High Volume Mexican Restaurant/Bar
- Contact: Steve Zimmerman
- License #: 1310250
Quick Facts
| Asking Price: | $275,000 | |
| Annual Revenue: | $2,000,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2022 | |
| Employees: | 15 | |
| BBN Listing #: | 949484 | |
| Broker Reference #: | 4808 |
Business Overview:
Newly Designed, High Volume Mexican Restaurant & Bar for Sale! Great %-Rent Based Lease
RRC#Â 4808
Location:Â Alameda County
Description:
This new and high volume Mexican concept with a strong bar aspect is for sale. The current owner has decided to focus on other ventures and is selling this newly built and designed restaurant for a bargain price given the initial investment into the space was over $1.3 MILLION dollars.
All design elements, fixtures, equipment and infrastructure is newly built in this stunning first generation space. The improvements included all new Electrical, Plumbing, HVAC, Type 1 Kitchen Hoods, Lighting, Storage Areas, ADA Compliant Design, a Long Haul Beer Draft System with a great Bar top and bar area with Type 47 Liquor License that will transfer to a new owner and so much more! A full equipment list can be transferred upon request.Â
In addition to the great dining areas and bar scene, there are vibrant patio tables and chairs with heaters in front of the business, which draws attention and diners wanting to enjoy outdoor dining.Â
The 3,128 square feet space did over $1.7 Million in 2023 and is target to break $2 million in sales in 2024. The space is great for groups or events and thrives on sporting events with its many screens and bar vibe. They sold nearly $25,000 on Cinco Mayo alone!Â
The current owners have negotiated a great new lease that is based on 5% of monthly sales, plus reasonable triple net charges of $2,922/month. The term runs into 2031 with an option to extend.
A new owner operator could thrive with this new design, strong volume and customer base! Â
Reach out now for more information or to schedule a tour.Â
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Financial Information:
Monthly Revenue: $150,000 - $200,000Â
Monthly Cash Flow: Contact for Info
Annual Revenue: $2,000,000Â
Annual Cash Flow: Contact for InfoÂ
General Info:
Ownership: LLCÂ
Established: 2022
Employees: 15+/-Â
Reason For Sale: Other Interests
Monthly Rent: 5% of Sales + $2922 NNNs
Expiration:Â 6/15/2031 plus 2 -5yr Options
Facilities:
Square Feet: 3,128Â Â
Seating:Â 49 Dining Room Seats, 10 Bar Chairs, 20+ on Sidewalk-PatioÂ
Parking: Easy Street ParkingÂ
Licenses: Type 47 Liquor License, Health & BusinessÂ
Days/Hours of Operation: Contact for Info
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Property Features and Assets:
Facilities:
Square Feet: 3,128
Seating: 49 Dining Room Seats, 10 Bar Chairs, 20+ on Sidewalk-Patio
Parking: Easy Street Parking
Licenses: Type 47 Liquor License, Health & Business
Days/Hours of Operation: Contact for Info
Market Competition and Expansion:
General Info:
Ownership: LLC
Established: 2022
Employees: 15+/-
Reason For Sale: Other Interests
Monthly Rent: 5% of Sales + $2922 NNNs
Expiration: 6/15/2031 plus 2 -5yr Options
Reason for Selling:
Other InterestsAdditional 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
Documents:
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