Riverside Restaurants For Sale
Mexican Restaurant For Sale - Owner Wants Out
Owner has been open for 6 months and family emergency requires a quick sale. His loss is your opportunity to get a turn-key restaurant at a steal of a price.
This is a Sit down Mexican restaurant in an upscale area of Riverside, CA. Large dining room seating 92 people – Huge kitchen with plenty of space. 14 foot hood with 6 burner grill and flattop grill - prep table. This place is amazingly clean!
Unbelievable Rent - .80/sqft. Grease traps in place, plenty of parking and close to thriving shopping centers and major College University.
This is turn-key - everything in place.
A plus for a new owner would be acquiring a type 41 license, develop catering and begin advertising. This area is in great need of a good Mexican restaurant
2880 sq ft. Current lease ends 2019 with (1) 5 year option.
Lease: $2,304 + NNN
Owner has installed 2 new air conditioning units
This opportunity will not last!
Demographics
3 mile radius – 70,295
median age – 31
housing value - $362,000
median household income – $97,000
median gross income - $61,400
Restaurant Broker Michael Machado DRE License #01918376
Lease
Operations
Sat: 9am-8pm
Sun: 9am-6pm
Facilities
Highlights
- Great Opportunity for Mexican Restaurant
- Owner Wants to Sell FAST!!!
- Mexican Restaurant - Their Loss is Your Gain
- Mexican Restaurant 6 Months Old
- Asset Sale Bring Your Concept
- Plenty of Seating Mexican Restaurant
- Riverside Restaurant Great Opportunity
- .80/sq ft Lease Rate - WOW
Financing
Demographics
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 35,085 | 35,900 | 212,670 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 9,945 | 10,509 | 61,544 |
| 2010 Persons Per Household | 3.51 | 3.42 | 3.33 |
| Median House Value | $319,100 | $314,216 | $239,848 |
| Income Per Household | $100,243 | $98,226 | $64,747 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 432 | 479 | 3,152 |
| 2012 Number Of Employees | 9,126 | 13,734 | 94,910 |
| 2012 Total Annual Payroll | $131,046,000 | $235,160,000 | $1,632,475,000 |
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Disclaimer
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