Status: Active
Posting ID: 277816
2/28/23
$150,000
Asking Price
Description
This Northern California Mexican restaurant is a California S Corporation and was started 2 years ago and has been growing since its inception. They serve delicious authentic Mexican food, where the owners share their favorite dishes and build an experience for their customers to feel at home. They are open 7 days a week serving breakfast, lunch, and dinner. They specialize in goat and seafood dishes but serve many other words and have a unique menu. All recipes, menus, and creativity go with the sale of the business.
A Type 41 ABC Liquor License (Beer / Wine) is available for transfer as well. The market size in revenue of Mexican Restaurants in 2022 is $76.7 Billion. It is expected to increase by 7% in 2022, and the market size of the Mexican Restaurant industry in the US has grown 3.8% per year on average between 2017 and 2022, increasing faster than the economy overall.
The market size of the Mexican Restaurants industry in the US increased faster than the Consumer Goods and Services sector overall. The primary positive factors affecting this industry are the growing life cycle stage and the agricultural price index. The number of Mexican Restaurants is close to 62,000. The Mexican restaurant industry has performed well over the five years to 2022, as Americans have grown increasingly fond of Mexican cuisine.
Many of those who had little exposure to the food have made trips to locations with deep roots in Hispanic culture, enabling them to sample various Mexican delicacies and develop an appreciation for them. Popular destinations such as Florida, California, and Texas are hubs for industry operators, with many developing their distinct, regional take on Mexican cooking. Additionally, a growing immigrant population has led to the establishment of authentic Mexican restaurants in regions that were not previously popular.
Growth can be obtained by exploring more marketing avenues such as social media, print advertising, and other marketing efforts. Current marketing efforts are focused on the internet. Also, this is a new business so more time in operation will bring in more customer loyalty. Also, expansion on the existing menu could help, as well as opening earlier to capture more of the breakfast customer base.
The Seller is willing to provide training at 20 hours per week for 4 weeks for the new Owner. Additional training may be provided at agreed upon price and terms between the new Buyer and Seller. The reason for selling is that the Seller wants to pursue other interests.
Detailed information
Year Established: 2021
Home-Based: No
Franchise: No
Relocatable: No
Required Licenses:
Is Property Leased: Yes
Real Estate Included: No
Real Estate Available: N/A
Real Estate Value: N/A
Part-time Employees: 6
Full-time Employees: N/A
Building Size: 1441 sq ft
Monthly Rent: $6,500
Facilities Description: This space was renovated in 2021 when the business first opened.
Asking Price: $150,000 Cash Flow: $50,000 Gross Revenue: $425,000 Down Payment: $150,000
Financing: No. FFE (Included): $60,000 Inventory: $5,000
Broker: ProEquity Asset Management Corporation License ID: 01870526
To get more information about this Authentic Mexican Restaurant - Newly Established business for sale in Northern California please phone Adriana Sargent (Intermediary - BRE License #:02103897) at 408-981-7799 Call and 408-981-7799 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #277816 on BizBen.com. In addition to phoning Adriana Sargent, make sure you email Adriana Sargent above to get more info about this Authentic Mexican Restaurant - Newly Established, to ask any questions or request an appointment to see this business for sale. Thank you. License # 02100708. Sunbelt Business Brokers.
Contact
Phone: 408-981-7799 CallPhone: 408-981-7799 TextDetails
Asking Price: $150,000
Down: $150,000
Cash Flow: $50,000
Revenue: $425,000
Area: Northern California
City: None Given
Attributes:
My Notes About This Listing
Cash flow
$Call/Email
Revenue
$995,600
Down
$50%
Posting: 279089 | Available | 2/16/23
This location was established in June 2018 and it is tremendously growing every year even during the Covid-19 Pandemic. There is an ABC type 41 beer & wine license included with a large indoor and outdoor seating capacity. They have modern decor with a combination of table and bar seating.
Asking Price
$450,000
Cash flow
$Call/Email
Revenue
$600,000
Down
$95,000
Posting: 278882 | Available | 3/14/23
This North Huntington area restaurant with beer and wine boasts a highly unique high traffic near a beachside location that caters to multiple demographics of area residents and visitors, and the boating community. The location has a highly versatile build-out that may be adapted to any concept.
Asking Price
$95,000
Cash flow
$Call/Email
Revenue
$Call/Email
Down
$Call/Email
Posting: 279671 | Available | 3/13/23
This is a Mexican franchise restaurant that has been in business for over 10 years and is for sale. The owner no longer lives in the area and is looking to sell.
Asking Price
$139,000
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