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#6427
San Francisco Restaurants For Sale
San Francisco East Bay Restaurants For Sale

Profitable Mexican Restaurant

$280,000
In Contract
Profitable Mexican Restaurant



ADD TO FAVORITE

Opportunity to purchase an Established and Profitable Mexican Restaurant with a long history and Goodwill!

Over $120K Annual Owner Benefit!

Menu: Mexican fare Dine in & Take out...QSR set up with a Nice Dining area.

End Cap Unit with Lots of Windows and Excellent Viability as the space is street side! Awards and Great Reviews Too!

  • Good location: Nestled in a Smaller and busy retail center this restaurant enjoys steady foot traffic and loyal regulars.
  • Established reputation: For many years, they've been serving up mouthwatering dishes and the online reviews are bursting with satisfied amigos!
  • The menu that sizzles: From classic favorites!
  • Ready to grow: With a solid foundation in place, this restaurant is primed for expansion. 

Kitchen:  Comes with an Ansul hood system & equipped with all the necessary equipment to serve breakfast, lunch, and dinner. Currently serving Lunch and Dinner.

Lease:  The rent is reasonable...$4,139.84 Base Rent, NNN $1,176.00 ...Total Rent $5,314.94 per month...approx. 1,200 sq. ft.

Highlights and Upside:

  • Good Reviews
  • Catering 
  • Mostly Absentee
  • Good Parking
  • A loyal team of employees who know the secret to making every guest feel like family.

Sales 2023 Annualized Gross Sales $1,082,654...Seller financials and taxes have not been completed for the 2023 tax year.

Monthly Sales average over $90K per month!

Asking Price: Serious buyers are invited to inquire for details. The asking price reflects the value of the business, including its location, established brand, loyal customer base, and fully equipped facilities.

Shared: The bathroom is only accessible via the door shared between the Liquor Store and the Restaurant.

PGE is shared with Tenant 1 (Listed Restaurant for sale is Tenant 1A).  Tenant 1A pays 40% of the monthly PGE bill to Tenant 1.  Tenant 1A pays 90% of the gas portion.

Reason for selling: The current owner is seeking to pass the torch to an ambitious entrepreneur who shares a passion for Mexican cuisine and a commitment to maintaining the restaurant's legacy.

SBA loan may be a possibility for an experienced operator. NDA and a buyer profile will need to be submitted showing proof of funds for further details regarding this opportunity.

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

Lease

Region:
San Francisco Restaurants For Sale
San Francisco East Bay Restaurants For Sale
Lease Term:
Expires October 31, 2028 Plus 5 year Option
Total Monthly Rent:
$5,315
Security Deposit:
$8,000

Financials

Last Year's Annual Gross:
$1,082,654
Last Year's Food Cost %:
33.6
Last Year's Payroll Cost %:
15.5
Last Year's Rent %:
8

Operations

Liquor License:
41
# of Full-Time Employees:
5
# of Working Owners:
1
Hours Open:
8:00 a.m. - 10:00p.m.
Year Established:
1997
Hood System Type 1:
Yes

Facilities

Indoor Seating:
28
Inside Sq. Ft.:
1,200

Highlights

  • Tons of Goodwill...Long time favorite
  • Great reviews
  • Upside to take sales upwards with a hands on owner
  • Good Traffic in this smaller retail center

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 30,482 80,518 289,855
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 12,364 32,109 105,484
2010 Persons Per Household 2.29 2.32 2.59
Median House Value $649,100 $836,578 $790,193
Income Per Household $97,552 $97,326 $102,153
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,186 2,657 8,588
2012 Number Of Employees 88,268 134,422 402,696
2012 Total Annual Payroll $4,294,967,295 $4,294,967,295 $4,294,967,295

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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