Profile: Newly Remodeled Profitable Mexican Restaurant in Prime Location.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Mickey Belt, Agent
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| Primary Phone: |
818-468-4189 |
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| Alternate Phone: |
818-999-1146 |
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| DRE Number: |
00697813 |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
2/9/10 |
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| Date Last Revised: |
3/11/10 |
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| BizBen Ad #: |
149641 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$265,000 |
| Down Payment: |
Call/Email |
| Annual Revenue: |
$400,000 |
| Annual Adjusted Net: |
Call/Email |
| Price Range: |
$250,001 to $500,000 |
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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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Purchase This Great Restaurant For 115,000 Plus 150,000 Paid Out For A Newly Remodeled Facility. Asking Price 265,000. This Mexican Restaurant Is One In A Chain Of Three Privately Owned Profitable Restaurants Located In The Ventura County / Simi Valley Area. Established In 1997, This Twelve Year Old Restaurant Features Great Food Made With Love, Using Recipes Handed Down From Generation To Generation In The Same Traditional Method This Owners Family Used To Make. This Restaurant Has A Walk Up Counter With Open Sit Down Seating, Open Seven Days A Week From 10:00 AM To 9:00 PM With Little Employee Turnover, The Employees Are The Same Loyal Staff That Started When The Restaurant Opened In 1997. Owner Has Invested 150,000 In A Newly Remodeled Facility And Will Relocate The Business Across The Parking Lot To Accommodate More Traffic. In Addition, The Owner Has Received An Abc License For The New Facility And Will Be Offering Beer And Wine Which Is Projected To Increase Revenue By An Estimated Thirty Percent. This Restaurants Other Sister Restaurants Currently Boast An Abc License And Sales Are Similar In All Three Restaurants With This Being The Highest Revenue Producing Establishment. The Area Is Currently Under- Going A Complete Facelift With New Shops And Businesses And Fresh And Easy Markets Have Leased A Space As The Anchor Tenet In The Shopping Center. A Restaurant Owner Could Increase Sales By Adding Advertising In The Local Press Or By Sending Out Discount Coupons To The Local Residents Once The Restaurant Has Moved Into Its New Location, An Open House Special. This Is Primarily A "Cash" Business And As Such, Business Is Being Offered With Out Books And Records But "Z" Tapes Are Available To Verify Revenue. Sales For 2008 Were Approximately 400,000, Rent In The New Location Is Being Is Being Leased For 4000.00 Per Month Plus 800.00 In Cam Charges. Reason For Sale, Owner Is Building Another Business In Mexico.
All buyers must sign a confidentiality agreement. For additional information contact Mickey Belt at 818-468-4189 or email mickey@business-team.com.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Mickey Belt, Agent at 818-468-4189 or 818-999-1146 |
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