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For Sale: Mexican Restaurant, Liquor License - Price Reduced - Riverside County

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Current Status: Active     Posting #: 250917     Last Refreshed: 9/1/19     BRE License #: 02076841    
Contact: Robert Marshall At 714-323-5636  -  Also Email This Contact Below
Price:  $79,000     Down:  Call     Adjusted Net:  $78,302     Revenue:  $888,212    
Attributes:  Training & Support     Cooperation With Brokers?  Yes
Riverside County Mexican Restaurant, Liquor License - Price Reduced Business For Sale

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  Description About This Posting: Mexican Restaurant, Liquor License - Price Reduced
Located in riverside county, this restaurant occupies a historical destination and is highly visible from the freeway. The restaurant also enjoys easy in and out access to its immense parking lot. Both landlord and tenant have done a fantastic job maintaining the authenticity of the facility.

The restaurant offers a 47 licensed bar and a 40 seat covered patio dining. The centrally located kitchen offers a 10ft hood, grease trap and city approved ansul system. There are also (2) large banquet rooms, an office space and complete full bath living quarters above the restaurant. This space also offers (2) large walk in refrigerators, a lock & key liquor room and generous basement storage. The equipment is well maintained and in good working condition.

The current owner bit off more than he can chew. He struggles to focus on this business, as he owns two other restaurants far away from this location; he is 100% absentee and the business completely suffers. There is plenty of room to grow here: invest in marketing and advertising; revamp the website, leverage social media and build your client base. In addition, the owner vastly under-utilizes the space. Leverage the living quarters to minimize payroll and offer lodging for your chef! Use the banquet rooms for the obvious: book reunions, quinceaneras, corporate events, birthdays and holiday parties. Get your conditional use permit from the city for live music or a dj and increase your revenues. Alternatively, if you already have a concept, this is a signature spot for your next location.

This cluster of surrounding restaurants make up the majority of revenue for restaurants in the entire city; most of them gross over $4 million per year. If you're in the restaurant business, don't wait, as this opportunity will not last at this price.

To get more information about this Mexican Restaurant, Liquor License - Price Reduced business for sale in Riverside County please phone Robert Marshall (Agent - BRE License #:02076841) at 714-323-5636 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #250917 on BizBen.com. In addition to phoning Robert Marshall, make sure you email Robert Marshall above to get more info about this Mexican Restaurant, Liquor License - Price Reduced, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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  Helpful Resources To Assist In Selling And Buying California Businesses

Mike Brewer: Liquor License Brokers, ABC Consulting Services - California

Liquor license brokerage and consulting services. We provide: Alcohol License Transfers Application Consulting & Processing, Liquor License Purchases & Sales, City Zoning Permits & Land Use Entitlements, Public Convenience or Necessity Findings and Letters. Phone Mike Brewer direct at 800-437-1100.

Helen Yoo, New Century Escrow - Escrow Services In Southern California

New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.

Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence Services - California

Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.

Diane Boudreau-Tschetter: Escrow And Bulk Sale Services - California

California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.

Shalonda Chappel-Pilgram: Escrow & Bulk Sale Services - Southern California

Escrow services to brokers/agents, sellers, & buyers. Established 43 years. Extraordinary service. Experienced with handling difficult transactions. One stop for all your escrow needs: Bulk sales, lien searches, UCC searches, liquor license transfers, publishing & recording services. 951-808-3972.

Joe Sandbank, Esq: Legal Services For Buyers, Sellers, Brokers - Throughout California

I have provided legal counsel to business buyers, sellers and brokers for over 17 years. With prior experience as a business broker and SBA loan officer, Joe brings both a practical and legal approach to all aspects of the business acquisition process. Please phone 916-672-8018 for more info.


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