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#4211
Riverside Restaurants For Sale

Mexican Restaurant For Sale - Owner Wants Out

$45,000
Mexican Restaurant For Sale - Owner Wants Out
This Listing is Expired

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

This is a a Business Intermediaries, Inc. listing listing.
Restaurant Broker Michael Machado DRE License #01918376

Lease

Region:
Riverside Restaurants For Sale
Lease Term:
expires 06-2019 + (1) 5 yr option
Total Monthly Rent:
$2,908
Security Deposit:
$15,000

Operations

# of Full-Time Employees:
1
# of Part-Time Employees:
2
# of Family Employees:
3
# of Working Owners:
1
Hours Open:
M-F: 10am-8pm
Sat: 9am-8pm
Sun: 9am-6pm
Year Established:
2014
Hood System Type 1:
Yes

Facilities

Indoor Seating:
92
# of Parking Spots:
25+
Inside Sq. Ft.:
2,880

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

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

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

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Business Intermediaries, 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, foreward 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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