Business For Sale Listing 144003
Studio City Area Mexican Restaurant w/Beer & Wine
Status as of Dec-2-2008 at 06:01 PM: Active
Business Summary
This Mexican restaurant has all the attributes necessary for a successful operation – location with outstanding visibility, quality food, plenty of parking and a loyal customer base. Established for over 15 years, this restaurant has generated a strong following and stellar reputation due to its authentic recipes. Unfortunate circumstances have forced the owner to part with this coveted location. Whether the existing concept is continued or a new concept is implemented, this location should ensure a steady flow of traffic and maximum visibility.
The business operates from a 1,370 square foot facility that leases for $7,000 per month, with the lease expiring in 2013. The business is located in a stand alone building on the corner of a busy intersection with plenty of parking. The restaurant is equipped with a full hood, and walk-in refrigerator and freezer. The sale includes all the business assets, including the furniture, fixtures, equipment, beer and wine license, trade name, recipes and associated goodwill.
Competition is considered medium as other Mexican restaurants exist, however this businesses’ unbeatable location and reputation set it apart.
This business has many opportunities for growth. A new owner can take advantage of this high profile location by increasing marketing via local flyers, community publications, expanding the catering offering, accepting credit cards (the current owner eliminated credit cards several years ago and installed an ATM machine) or even changing the concept.
Categories
Industry
Location
Financials
| Sales: |
Between $500 Thousand And $1 Million (600,000) |
| Profits: |
Between $100 Thousand and $500 Thousand (164,340) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Between $100 Thousand and $500 Thousand (125,000) |
