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Listing #5266

Absentee Run Mexican Restaurant w/FULL LIQUOR + SBA Loan

Price: $249,000
Down Pmt: $50,000
Absentee Run Mexican Restaurant w/FULL LIQUOR + SBA Loan

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LOCATED IN DESIRABLE, FAMILY FRIENDLY COMMUNITY IN THE HIGH DESERT!

SBA FINANCING AVAILABLE TO QUALIFIED BUYERS

If you’re looking for an inviting, established restaurant in a growing, family-oriented community with a proven track record of success, we have it here!  Not only is this location currently flourishing, the area is growing! Between housing tracts being built within miles of the restaurant and $1.8 billion designated to infrastructure over the next 5 years within a 20 minute radius of the city, the new owner could continue to see a rise in profits in this local favorite.

The restaurant boasts a newly updated interior that has been tastefully crafted.

The location offers:

  • HARD Liquor license and a full-service bar
  • Sales Increasing Year over Year
  • A spacious party room for private events
  • Fully equipped very clean kitchen
  • Separate Employee restroom
  • A customer-friendly atmosphere that encourages people of the community to gather and share a meal with good company

This High Desert Community offers everything from golf to horseback riding within miles of the restaurant! New owner will not only benefit from a well-run operation, but also from an inviting neighborhood that their family can grow with.

Between the updated décor, delicious menu options, full bar, and track record of success, the new owner can focus on growing other parts of the business that have not been reached yet, including developing a website for online ordering. Building out a bigger online presence with the various Social Media Platforms will gain visibility as new businesses and residences move in to the area.

Current hours are M-F 11am-8:30pm, Sat & Sun 8am-9pm. New owner can take advantage of the full bar and popular food items by extending weekend hours for a potential increase in profits.

THE LEASE: Total rent for this 2,500 Sq Ft Restaurant is only $4,352 per month which is running at 7.7% of current 2017 sales! Lease runs through Oct 2020 with a 5 year option available.

THE NUMBERS: Adjusted annual net income in 2017 was just under $94,000 on revenues of $677,000 with revenues continuing to grow. Food costs are 32.6% while labor costs are 34.1%, so there is room for improvement for a working owner. 

SBA LOAN: With 20% down or about $50,000 this business could be yours if you have the experience, good credit and the down payment. The monthly principle and interest payments would be about $2,350 for 10 years. 

ABSENTEE: Currently there are no owners working the business in any position, though they spend a fair amount of time coming in and visiting with guests and to keep an eye on operation.This could be the perfect restaurant for a Family Run Business where family member could partake in the present labor costs as they step in and fill various positions in the operation limiting outside labor needs.

The new owner will be able to keep the name and concept. The sale includes the goodwill, liquor license and equipment.


This is a a Paramount Restaurant Brokers, Inc. listing.
Agent Stuart Schlosser DRE License #01809021
   
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General Information
Listing Status: Available
Price: $249,000
Down Payment: $50,000
Location: Valencia - Antelope Valley
San Bernardino Restaurant For Sale
Last Year's Annual Gross: $676,507
Last Year's Owner's Cash Flow: $93,666
Lease Information: Oct 31, 2020 + 5 year option
Monthly Rent: $4,352
Liquor License: 47
Indoor Seating: 77
Number of Parking Spots: lots of shared
# of Part-Time Employees: 14
# of Full-Time Employees: 3
Hours Open: Monday - Friday 11AM - 9PM Saturday 10AM - 9PM Sunday 9AM - 9PM
Year Established: 2015
Inside Sq. Ft.: 2400
Highlights
  • Mexican Restaurant with steady SALES Growth

  • Rent factor of 7.7%

  • Full Liquor License

  • Great Yelp Reviews

  • Very Nice High Dessert Community

  • Great Family Business Opportunity

  • Owners do not work the business presently

  • Nice area to relocate to with affordable home prices



Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, foreward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.



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