West Mesa Family Style Restaurant with Real Estate

This is a great restaurant which has been in operation for more than 6 years. If you're looking for a stable and profitable business that includes the real estate, then you must look at this deal.

This is not a seasonal restaurant catering to snow birds; rather it caters to the neighborhood and local businesses in the area by serving great comfort food at wonderful prices. The local crowd loves this place! Sales don't fluxuate more than 10% any given months according to the owner. The owner's tell the broker monthly sales are in the $50,000 range, but the buyer should certainly check these figures as the seller won't produce income statements.

And speaking of the owners, one of them is ready to retire at 74 years young and cashing in his chips. He's build a career in the family restaurant business and he wants to show you how to own and operate a successful family restaurant too. The other owner is moving on from this partnership.

The restaurant sits on 0.47 acres of a corner lot containing a stand alone building with a huge parking lot for 32 cars a street monument sign with AAA street visibility on this major throughfare. There are 4,264 Sq. Ft. of restaurant space with a banquet room and two kitchen areas.

Financing this transaction is a challenge due to lack of financials from the seller and will take a current restaurant owner with solid business financials to purchase it.

SBA loan is not available unless you're adding a location to your restaurant holdings. Seller will not finance either.

You want to visit this restaurant? Then just select the "get name and address" button below and you'll be on your way.

DOING THE MATH:
This space should lease for $60,000 a year triple net income. Using a Cap rate of 8.0% places a value of $750,000 on the real estate alone. The business owner says sales are about $600,000 a year placing a business value of about $200,000 for a total value of $950,000 and you can now get it for $850,000!

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