Description

Asset Sale - Very Profitable Operating Mexican Food Restaurant for Sale. This is an excellent opportunity to purchase a Mexican food restaurant that has been around for over six (6) years in the same corner location offering Breakfast, Lunch and Dinner. This is an Asset Only sale so the new owner will not be able to use the existing name or menu but can implement a similar business plan and leverage off of the six (6) year reputation of the existing very profitable absentee restaurant. This restaurant is located at the junction of Culver City, CA with great frontage to a very busy street with lots of foot traffic. The existing restaurant has experienced increasing sales as thousands of lofts and apartment units are being delivered in the area, sales are averaging $30 -$35k per month with 2 staff per shift (for two shifts) and the absentee owner is taking home approximately $7k per month. This established turn-key restaurant has a great reputation for its quality meals and quick service. The restaurant is currently open Monday through Sunday from 9:00am to 9:00pm. It is approximately 1,000 sq. ft. with seating for approximately 20-30 people and includes two new refrigerators, one freezer, 6 burner stove, 48-inch grill, automatic fire system hood and much, much more. Total inventory is valuated at approximately $75,000. The common area has been renovated to include beautiful furnishings and fixtures which create a lovely atmosphere for customers to enjoy while dining.

Posted Jul 15, 2016

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