Profile: Upscale Full Service Fine Mexican Food With Beer And Wine.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Jose Bravo, Broker
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| Primary Phone: |
858-391-3388 |
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| Alternate Phone: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
11/21/08 |
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| Date Last Revised: |
11/21/08 |
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| BizBen Ad #: |
130776 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$180,000 |
| Down Payment: |
$180,000 |
| Annual Revenue: |
$363,521 |
| Annual Adjusted Net: |
$42,597 |
| Price Range: |
$100,001 to $250,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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Executive Summary
Upscale Mexican Restaurant With Beer And Wine For Sale In Temecula. Close To Pechanga Indian Casino And The Temecula Wineries, This Restaurant Was Built From Scratch In 2004 And Has Been A Hit Ever Since. The Owner Did Not Cut Corners In Building This Restaurant With Top Of The Line Tenant Improvements, Furniture, Fixtures And Equipment. This Restaurant Is Located In One Of The Busiest Streets In Temecula, Has Plenty Of Parking, A Nice Patio, And Great Food! The Surrounding Community Is Booming With Activity And Growing Rapidly With Middle-Income Families. Business Is Growing As More And More People Try Their Great Food That Includes Regional Recipes And Flavors From Baja And Other Parts Of Mexico. Handmade Tortillas, Both Corn And Flour, Make This A Unique And Special Restaurant.Owner Spent In Excess Of 350,000 Setting This Restaurant Up For Success. Are You Up For The Challenge At A Price Of Only 180,000? Your Gain, His Loss.
Marketing
The Owner Currently Advertises In San Diegan Magazine. He Also Participates In A Cash Rewards Program Through Mycr (My Community Rewards) And A Discount Card In Conjunction With Other Business Owners In The Center. This Discount Card Is Provided By The Landlord To Generate More Traffic For The Center. Landlord Does Not Charge Tenants For Creating This Discount Card As Long As Tenants Give Discounts To The People That Have The Card.
Strengths & Opportunities
Upscale Décor, Furniture, Fixtures And Equipment; Beer And Wine License; One-Of-A-Kind Menu; Plenty Of Parking; Busy Street; Plenty Of Community Activities In The Area; Surrounded By Schools, Hospitals, And Residential Community; Temecula Wineries Nearby.
Hours & Staffing
Hours Of Operation Are From 9:00am To 9:00pm 7 Days A Week. There Are No Conditions As To The Number Of Hours The Business Can Stay Open. There Are 6 Full- Time Employees (2 Servers, 4 Cooks), 2 Part-Time (Helpers) Plus The Owner Who Works In The Front Of The House And His Wife Who Works In The Back Of The House.Current Hourly Rate For Employees Are 8-10/Hr Plus Tips.
Area, Facilities & Equipment
This Restaurant Is Located In A Very Busy Strip Center Off Of The 15 Freeway And Close To The Temecula Vineyards. The Owner Built This Restaurant From Scratch Back In 2005. He Purchased The Best Materials From The U.S. And Mexico And Spent Well Over 350,000 In Tenant Improvements And FF&E\. The Surrounding Community Is Predominantly Mid Income And Mostly Families With Young Children Live In This Area. Plenty Of Schools, Parks, Recreation Areas, Shopping Centers, Etc. Are Within Driving Distance Of The Restaurant.
Company History
The Owner Started The First Restaurant In Northern Ca In 1985; His Daughter And Son In Law Currently Manage It. In 2005 He Decided To Open His Second Restaurant, And This Is The Only One Up For Sale At This Time. The Rights To The Trade Name Of Both Restaurants Will Be Negotiated Between Buyer And Seller At The Time Of Purchase.
Financial Summary
The Business Opened Its Doors To The Public On June 11, 2005. Prior To That, The Owner Had Spent Over A Year Building The Restaurant. As Such, The Financial Summary Starts With A Full Year’s Worth Of Data In 2006. Since Then, And Considering This Was An Empty Location, Revenues And Profit Have Grown Steadily As More And More People Found Out About The Place.
Other Comments
Keep This Business As Is, Or Bring Your Own Concept. Owner Has The Sole And Exclusive Right To Use The Name But Permission Can Be Granted To New Owner If Desired. The Terms, Length, Etc. Are To Be Negotiated Between Buyer And Seller At The Time Of Purchase.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Jose Bravo, Broker at 858-391-3388 Non Disclosure Agreement |
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