Successful Mexican Restaurants – $450K avg. net income, RE available

  • List Price: $1,200,000
  • Sales: $2,218,174
  • Adjusted Income: $299,878
  • Down Payment: NA
  • FFE Values: 240000
  • Inventory: 40000
  • R.E. Value: NA
  • Location: Utah
  • Category: Restaurant / Bar

For 20 years, this 2-location Mexican restaurant operator has served quality food to the Wasatch Front. They provide high-quality, freshly prepared Mexican food served by well-trained, customer-focused employees. There is a full liquor license in both locations, which are in affluent areas with populations that have a high propensity for dining out, from fast food to family restaurants to fine dining. The business is currently absentee-run.

The owner gave all employees a pay raise in 2018, which is reflected in that year’s lower net income. Over the last 4 years, the business has average over $450K in net income.

One location seats 250, including 30 on an outdoor patio. The other is a free-standing building on an acre that seats 12, including 20 outside, with an existing but unused drive-through window.

Business could be expanded by increasing marketing efforts via delivery services like Uber Eats and Grub Hub, adding catering, and reestablishing drive-through service in the free-standing location. Real estate is available for $2,550,000, some seller financing is negotiable for the business.

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