Popular Mexican Restaurant With Liquor License
Bakersfield, CA Kern County
Asking Price:
$425,000
Annual Revenue:
$1,275,932
Request More Information Contact the Seller
- RE: Popular Mexican Restaurant With Liquor License
- Contact: John Willingham
Owner Financing is Available!
Seller will consider some financing fora qualified buyer
Quick Facts
| Asking Price: | $425,000 | |
| Annual Revenue: | $1,275,932 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1984 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | SB-56252 | |
| Broker Reference #: | BAKERCA001-56252 |
Business Overview:
Restaurants that stand out among competitors adapt to consumer preferences like healthier foods and creative food offerings, online presence, tablets and smart phone access. This is something that can be used to grow this type of business.Rising disposable income will fuel demand in the future for upscale dining. This restaurant already possesses an authentic Mexican style dining room. The restaurant's current inventory includes a wide variety of quality wines, which can be purchased as inventory in the sale. These amenities make this restaurant stand out in the local area.Inventory is not included in the price and will be added to the list price upon inventory count by both the Seller & BuyerTo request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Lease: 9/1/2024 through 8/31/2027. $5,640/month, Non-transferable. Broker has a relationship with the lessor to negotiate a new lease.Market Competition and Expansion:
Market Share Nationwide: The largest is Casual dining $46.2bn. IBIS World, Aug 2024.Business Concentration: Top two in U.S. is California and Texas. IBIS World, Aug 2024.Key External Positive Drivers: Consumer Spending, Consumer Confidence index, Number of immigrants.Industry Structure Life Cycle: GDP expects long-term growthPerformance Snapshot: 2024 1.2% growthForecasted revenue: 2024-2029 2.4% IBIS World, Aug 2024.Reason for Selling:
RetirementAdditional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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