Listing Number: 86715-678465
Description
The business is a specialty fast casual restaurant with a full bar serving mainly Mexican gourmet food while having an entertainment venue. The company provides different entertainment on weekends, which along with food and bar sales have increased their sales year after year thus creating an established reoccurring customer base and consistent same day sales activity.
The business has a ready-made staff with existing management in place, which is a great opportunity for an absentee buyer. The restaurant location has good visibility and higher seating capacity of 500 or more to further support additional sales. The kitchen/bar equipment is in good working condition while the company has established vendor relationships with food suppliers, further helping them achieve improved year-over-year gross profit margins. The company invested into a self-serve software system for its bar sales providing additional efficiency for the staff while providing accurate financial record keeping.
The restaurant has a digital following through social media, which they continue to increase their followers each year. The seller is offering some seller financing for 20% of total, however subject to final approval.
Listing Details
- Price: $598,000
- Down Payment: $478,400
- Sellers Discretionary Earnings: $115,375
- Total Sales: $1,308,764
- Location: Madison County, Alabama
- Inventory: $0
- FF&E: $280,800
- Employees: 17
- Year Established: 2019
- Reason for Selling: Focusing on other interests
- Category: Restaurants
