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Legacy Mexican Restaurant! Same Prime Location 20+ years

For Sale in Sarasota, FL

Listing ID: DB101MEX | Broker Listing ID:

Financial & Assets Details

$320,000
$74,000
1800+/-

About the Business

23
4-5
$1,750
Yes

Business Description

Mexican "fastest casual" is one of the HOTTEST sectors in the Restaurant Business. The Restaurant has seating for about 50 people and serves numerous traditional Mexican favorites. This can be a semi-absentee opportunity or family run.
The restaurant is very "entry level" and "lifestyle-family" friendly, meaning you don't need much Restaurant experience and you can work maybe 20 to 25 hours a week. The restaurant IS NOT a grind and it literally runs itself. Bring your Restaurant Dreams & Your Wallet and Let's Talk! If you don't have all the money you need,I may be able to get you pre-approved for an unsecured Business Line of Credit.

Growth & Expansion

Catering & Delivery can significantly add to this Business.Also, re-opening on Sundays would make a difference. There is the possibility to add some outdoor seating.

Seller Financing

Seller Finance w/$149,000 Down

Market Competition:

This is a Unique Mexican Restaurant with lots of eat in and Pick Up-To Go Business. Competition is normal in the Restaurant Industry.

Location Details:

Rent is very low at only $1750 per month The space is a strip center end cap with extremely high visibility on one of Sarasota's busiest streets. Overall size is 1800+/-sq ft. Restaurant has a wine & beer license.

Support & Training

Training and transition is negotiable...possibly 2 to 4 weeks at no charge. The restaurant has a manager and excellent staff.

Reason for Selling:

Owners wants time for other ventures.

Listing ID: DB101MEX