Very Profitable and Wonderful Five Star Latin (not Mexican) Restaurant For Sale San Luis Obispo

Operating in one of the most beautiful old buildings in a downtown city off the 101 Hwy, this restaurant for sale in San Luis Obispo boasts plush furniture, bold color, rustic decorative elements and vibrant wall treatments. The custom made bar, inlaid with snakeskin, copper and marble, invites you to taste a multitude of exotic imported beers and wines, as well as delicious local stars Guests may get cozy in the plush dining room, or dine on the patio out front behind beautiful iron railings.

This restaurant is one of the center pieces of this city. It takes regional dishes such as Enchiladas and Chili Renellos, and adds a personalized new twist! Dishes like you never had them before. This isn't only Mexican cuisine, but this restaurant showcases Latin Riviera Cuisine with influences of Spain, South America, Mexico and the Caribbean.

Situated in a 3,800 Sq. Ft. space, this restaurant features split level dining in addition to a small outside patio where patrons can enjoy the great weather this area offers. The rent is $4,500 a month and the landlord will provide a new long term lease for the new owner. It seat 97 patrons inside and 8 outside. 

This restaurant opened about 18 months ago by a contractor nevertheless who ventured into the restaurant business and hit a homer!  He wants to continue to build them and flip them to good operators who want to be in the first class restaurant business and don't want the headache and growing pains of starting from scratch; hence why the price is fantasticly priced slightly more than 2.1 times cash flow. 

2013 financial results are much stronger than 2012 and should show a profit in the $300,000 range, making this a great buy.  No guarantees though...it all depends on how well you manae them!

This is a Paramount Restaurant Brokers, inc. listing. 

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