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#5132
San Bernardino Restaurants For Sale
Riverside Restaurants For Sale
Los Angeles Restaurants For Sale

Popular & Profitable Mexican Restaurant W/Bar & Hard Liquor

$175,000
Sold
Popular & Profitable Mexican Restaurant W/Bar & Hard Liquor
This Listing is Sold

Go See This Restaurant - Select the Link to Left "Get Name/Address."

Mexican Restaurant with authentic food and full liquor license is very popular and after only one year has become a mainstay and the go to place in this growing city. Rare opportunity to be in the Downtown area of a very busy night scene. College just a few miles away and the night activity in this area is impressive!

 

Nearby restaurants are grossing in excess of 5 million per year! This is a great opportunity.

Near the historic Mission Inn, this restaurant has easy access to all the downtown activities the city has to offer. If you have been following Riverside and have seen what has been happening in this once sleepy town, you will know that the downtown area is the hot place to be. Numerous restaurants and an expanding college atmosphere has been a boom for bars and restaurants.

This restaurant has plenty of room, enough for private banquets and with the holidays approaching, the place is already getting bookings for parties.

Indoor seating is approx. 120 with an outdoor patio that seats apx. 45. The upstairs private banquet room has accommodated 60.

Full kitchen with a walk in for keg beer. A glycol system has been installed, a costly investment as experienced owners already know.

Owners are leaving the area because of the demand of other business ventures, and hate to see this restaurant go. They have been open since November 2015 and their first year in business sales far exceeded $1.4 Million. This is how popular this restaurant is.

Now, you can make this your own and for an unheard of price. If you are experienced and have strong management skills and understand the restaurant business, this could be your very own gold mine. Do not wait, this is not going to last.

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
San Bernardino Restaurants For Sale
Riverside Restaurants For Sale
Los Angeles Restaurants For Sale
Lease Term:
Expires 7/19 w 5 yr option
Total Monthly Rent:
$12,950
Security Deposit:
$15,000

Financials

Last Year's Annual Gross:
$1,514,000
Last Year's Owner's Cash Flow:
$72,974
Last Year's Food Cost %:
25
Last Year's Payroll Cost %:
37
Last Year's Rent %:
10
EBITDA:
$72,974

Operations

Liquor License:
47
# of Full-Time Employees:
6
# of Part-Time Employees:
12
# of Family Employees:
2
# of Working Owners:
1
Hours Open:
Mon-Sat11-2AM
Saun 10-2 PM
Year Established:
2014
Hood System Type 1:
Yes

Facilities

Indoor Seating:
180
Outdoor Seating:
45
# of Parking Spots:
50
Inside Sq. Ft.:
6,600
Outside Sq. Ft.:
500

Highlights

  • High End Mexican Restaurant Hard Liquor
  • Profitable Mexican Restaurant in Downtown Area
  • Tequila Mexican Food Makes Money
  • Downtown Restaurant IS Profitable
  • Steal This Mexican Restaurant
  • Authentic Popular Mexican Food Discounted
  • Mexican Restaurant Needs Strong Management
  • Mexican Restaurant Near University
  • High End Mexican Food Kills It

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 21,223 237,581
Households 3-mi. 5-mi
2010 Number Of Households 6,535 70,685
2010 Persons Per Household 2.99 3.28
Median House Value $186,800 $234,826
Income Per Household $48,234 $55,790
Businesses 3-mi. 5-mi
2009 Number Of Businesses 762 4,428
2012 Number Of Employees 24,626 143,560
2012 Total Annual Payroll $617,763,000 $2,950,993,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, 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 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.

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