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#992
Bakersfield~Fresno Restaurants For Sale

Profitable and Great Full Service Mexican Restaurant with Beer and Wine License!

$190,000
Profitable and Great Full Service Mexican Restaurant with Beer and Wine License!
This Listing is Expired
Located in a AAA location end-cap unit on a major road in a small town within 10-15 minutes from Fresno, this Mexican restaurant serves great traditional Mexican food and has a beer and wine license too! The end-cap unit is just 20 feet or so from the street, giving the owner plenty of free advertising. Both lunch and dinner business is steady. This restaurant is open 6 days a week and business could be increased if the new owner expanded to 7 days a week. The food is fabulous too and the sales show. The rent factor is 3% of sales! Unbelievable! The landlord will do a new lease at the rent mentioned in this ad. The facility has 1260 sq/ft seating 46 guests. Base rent is $1,145 including CAM. It is closed on Sundays and major holidays. Owner is moving to Southern California closer to his daughter's college and family. This restaurant has good tax returns for review. SBA loan is possible for a Buyer with experience and at least 20% down.

To get the name and address, please select any one of the orange buttons below and follow the process.
This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Bakersfield~Fresno Restaurants For Sale
Lease Term:
New lease
Total Monthly Rent:
$1,295
Security Deposit:
$1,097

Financials

Last Year's Annual Gross:
$331,070
Last Year's Owner's Cash Flow:
$117,386
Last Year's Rent %:
4.2

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
2
# of Family Employees:
2
Hours Open:
Lunch hours 11:00 a.m. to 2:00 p.m.
Dinner hours 5:00 p.m. to 8:30 p.m.
Year Established:
2000
Hood System Type 1:
Yes

Facilities

Indoor Seating:
46
# of Parking Spots:
60
Inside Sq. Ft.:
1,260

Highlights

  • Traditional Mexican Restaurant.
  • Good Tax Returns and SBA loan possible.
  • Amazing Rent Factor of only 3.3% of Gross Sales!
  • Beer and Wine License Included.
  • Sales are Consistent.
  • Perfect for a husband and wife team.
  • End-cap Unit just feet away from major street.
  • Save on advertising due to location of restaurant.
  • Full Kitchen and efficient use of space.
  • SBA Pre-Approved with 20% down @ 8% or less for 10 Years

Financing

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

Demographics

Population 5-mi
2014 Total Population 52,361
Households 5-mi
2010 Number Of Households 11,231
2010 Persons Per Household 4.28
Median House Value $132,300
Income Per Household $37,280
Businesses 5-mi
2009 Number Of Businesses 378
2012 Number Of Employees 7,308
2012 Total Annual Payroll $111,832,000

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Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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, 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, 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. DRE License # 01339409.


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