Listing Number: 13485-879883
Description
This Fast Casual Mexican Restaurant is located in a coastal community, with a great reputation built over a successful 10 years of operations. This restaurant is poised for growth with a new owner as the owner is ready to retire.
This business has experienced increased revenue year-over-year, with the owner's benefit being over $400,000 while only being in operation for 9 months of the year. This restaurant is a destination location as well as a favorite among locals. Customers travel from miles around to taste authentic Mexican cuisine. This restaurant was pandemic-proof and has excelled with its fast-casual nature.
This Mexican Restaurant is a turnkey operation with knowledgeable staff It is currently only open during vacation season, so it provides a new owner with opportunities for growth by extending business hours and lengthening the operating season. The current hours of seasonal operation are 8 am-3 pm, 7 days a week.
The business has been SBA Pre-Approved requiring 15% down from a qualified borrower.
Seller Financing Available to a Qualified Buyer
Listing Details
- Price: $ 850,000
- Down Payment: $765,000
- Sellers Discretionary Earnings: $ 454,416
- Total Sales: $ 1,038,974
- Location: North Carolina
- Inventory: $ 20,000
- FF&E: $ 101,831
- Employees: 6
- Year Established: 2010
- Reason for Selling: Retirement
- Category: Restaurants
