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#4210
Stockton Restaurants For Sale
Sacramento Restaurant For Sale

SUPER LOW RENT - MAJOR PROFIT - MEXICAN BISTRO - w/TYPE 47 BAR

$110,000
SUPER LOW RENT - MAJOR PROFIT - MEXICAN BISTRO - w/TYPE 47 BAR
This Listing is Expired

Established Opportunity to purchase a Profitable Mexican Bistro with a successful track record….. !

In Business since 2007...This restaurant has become a local favorite.

There is a covered and enclosed patio on the sidewalk, complete with canvas awning and see through windows…great eye catcher.

This opportunity has many revenue centers and includes a Tequila Bar with special recipe Tequila flavors made at the Bar! They also do  full service Catering, Cooking classes & tequila tasting events for addl. revenue.

There is two distinct Dining areas….separate, but conjoined dining rooms. The main dining, adjacent to the bar is very comfortable with adequate seating and nice decor. The other dining is setup as a Wine Bar with a more Spanish influenced menu. It can also serve as over flow and is used for special dining events, music...complete with Wine tasting bar.

Area: This is a nice downtown location with great curb appeal. The main street near the premises was recently refurbished from sidewalks to street lighting. There are several large events held downtown throughout the year that add to the sales potential.

Menu: The Menu is not like any typical Mexican restaurant. This is a true Bistro Menu. There is a great selection of appetizers, steak and seafood dishes including traditional & Gourmet Mexican fare.

Furniture Fixtures & Kitchen Equipment:  Comes with a Ansul Hood system, 6 burner stove , 2 Grills, Fryer, Convection oven…4 coolers and 3 See through produce Refrigerators, Freezer, 1000lb. Ice machine, small wares, plenty of chairs and Tables and more.

Tequila & Wine Bar: Have Beer dispensers, Margarita machine, Wine cellar for 500 bottles, Espresso machine, 5 TV’s…separate seating opens to dining area.

Lease: Incredible lease (includes 3 units  $1,400 per month total and doesn't expire until 2023! approx, SQF. is 3,000.

*Seller has a job relocation out of state and has lowered the price to $110,000 as above....There is another option to just purchase this as an asset sale meaning everything , but the name and menu and just take the Bar, kitchen and main dining for $$80,000 at $1,000 rent for approx.. 2,400 sqf.

Either way is a fantastic opportunity !

Sales: 2013 Sales $646,503

Highlights and Upside:

  • Public streets recently upgraded and renewed.
  • 47 on sale Full Liquor and 58 catering license
  • Unbelievable Rent locked in until 2023!
  • Unique menu
  • Nice Web site, Facebook and Good Reviews
  • Cooking classes and catering
  • Seller willing to train!

The owner has made many improvements and implemented many procedures to make the business run smooth, including a handheld point of sale system.

Seller may carry part of the selling price with a qualified buyer.

Possible SBA loan with good credit, 5+ years restaurant management experience and at least 20% down in the bank!

Reason for selling: Family and other interests.

Please go to SellingRestaurants dot com for photos, name and address of this listing.

This is a Stone Path Brokerage Services Inc listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
Stockton Restaurants For Sale
Sacramento Restaurant For Sale
Lease Term:
Expires July 31, 2023 + 10 year option
Total Monthly Rent:
$1,394
Security Deposit:
$500

Financials

Last Year's Annual Gross:
$646,503
Last Year's Owner's Cash Flow:
$80,294
Last Year's Food Cost %:
36
Last Year's Payroll Cost %:
34
Last Year's Rent %:
2.7

Operations

Liquor License:
47
# of Full-Time Employees:
3
# of Part-Time Employees:
11
# of Family Employees:
3
# of Working Owners:
2
Hours Open:
Sun 11-8
Tues. to Sat.11-9
Year Established:
2007
Hood System Type 1:
Yes

Facilities

Inside Sq. Ft.:
4,500

Highlights

  • Excellent value
  • Mexican Bistro Concept
  • Includes 3 units in rent or 2 units at reduced rent and price!
  • Plenty of potential
  • Downtown location
  • Super Low Low Rent!

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes

Demographics

Population 1-mi. 5-mi
2014 Total Population 46,124 48,751
Households 1-mi. 5-mi
2010 Number Of Households 15,854 16,992
2010 Persons Per Household 2.92 2.91
Median House Value $204,500 $205,036
Income Per Household $41,172 $41,398
Businesses 1-mi. 5-mi
2009 Number Of Businesses 1,071 1,144
2012 Number Of Employees 29,154 30,354
2012 Total Annual Payroll $606,111,000 $624,483,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, 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 addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward 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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.

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