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#5580
San Fernando Valley Restaurants For Sale

PROFITABLE Mexican Quick Serve Restaurant - LOW RENT - SBA

$150,000
Available
 PROFITABLE Mexican Quick Serve Restaurant - LOW RENT - SBA



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Mexican Quick Serve Family Restaurant has stood the test of time with 37 Years of business under original owner.

Located in a well established nice town in the North Eastern area of the San Fernando Valley with upscale homes and hood income numbers. 

2020 Has been a challenging year for most business and particularly the restaurant business. Despite this the restaurant has held its own with Daily Sales averaging in the $1,725 range. The owner being elderly when the shutdowns began he closed up shop for 3 months. With this he still was able to show an adjusted net income of $67,000 (with an estimated net of approximately $90,000 if he were open the full 12 months). This was also done with Shortened Hours of operation, Take Out Only and other restrictions.

2019 the adjusted verifiable net income has been approximately $105,000.

Current Hours of operation are from 11:00AM to 9:00PM and closed on Sundays. The restaurant was open for breakfast prior to Covid when Dining Room was open.

The Restaurant has been well maintained and the Kitchen is one of the Cleanest I have seen, and I'm a chef! 

They serve Authentic Style Mexican Food and have received 4 Star Yelp and 4.5 Star Google Reviews. 

The Lease goes through March 31st, 2024 with a 5 year option available. Total Rent including NNN is ONLY $3,380 a month ($2810 rent + $570 NNN charges).

KITCHEN: Large kitchen with walk-in refrigerator and freezer offers ample room for increased production and catering. 12' Class 1 hood system with Stock Pot Burner, Double Basket Fryer, Wolf Cheese Melter, Double Burner and Char-broiler. Additional kitchen equipment includes Slicer, Hobart grinding and shredding machine, Waring Commercial Heavy Duty Blender, Double drawer chip warmer, 4 Full Hotel Pan Steam Table, Microwave, Large - 3 Compartment Heavy Duty Stainless Steel Sink, Stainless Steel work-top Tables, Ice Machine, 

In addition there are LOTS of Metro Racks with QUALITY Pots, Pans, Baking Sheet Trays, and additional small-wares.

BUYER OPPORTUNITIES TO SEE SALES and PROFITABILITY RISE

1) Bring Back Breakfast

2) Establish a Website with Online Ordering and Customer rewards program

3) Develop a Social Media Connection with Guests

4) Open on Sunday.

5) Increase Third Part Delivery Options.

BUYER COULD PURCHASE THIS RESTAURANT WITH ONLY 20% down plus operating cash (approx $50,000), a credit score of 700+ and at least 5 years of restaurant experience and a solid Net Worth to qualify for SBA loan.

Buyer must have relevant restaurant experience and solid financials to be approved for SBA loan and landlord for lease transfer.

DON'T LET THIS ONE GET AWAY... Just Sign the NDA to get name and address. Go by AS A CUSTOMER (PLEASE Do NOT Talk to Employees) and check out this MONEY MAKER!

This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
San Fernando Valley Restaurants For Sale
Lease Term:
Expires March 31, 2024 + 1 Five Year Option
Total Monthly Rent:
$3,400
Security Deposit:
$3,400

Financials

Last Year's Annual Gross:
$300,676
Last Year's Owner's Cash Flow:
$67,000
Last Year's Food Cost %:
29.4
Last Year's Payroll Cost %:
20.8
Last Year's Rent %:
7.3

Operations

Liquor License:
None
# of Full-Time Employees:
2
# of Part-Time Employees:
5
# of Working Owners:
2
Hours Open:
Monday - Saturday 11 to 9
CLOSED SUNDAYS
Year Established:
1984
Hood System Type 1:
Yes

Facilities

Indoor Seating:
34
# of Parking Spots:
Shared - Shopping Center
Inside Sq. Ft.:
1,680

Highlights

  • PROFITABLE with $67k (annualized $89k) CASH Flow 2019
  • PROFITABLE with $105k per Year CASH Flow 2019
  • Original Owner for past 37 Years
  • Assume Below Market Lease
  • Solid Tax Returns
  • SBA loan with 20% down, good credit and 5 years industry experience
  • LOTS OF UPSIDE POTENTIAL
  • PERFECT POST COVID CONCEPT
  • EXCELLENT Opportunity for Working Family
  • Plenty of Parking
  • Authentic Recipes Included
  • Upscale Area

Financing

Down Payment:
$30,000
Will SBA Finance:
Yes
Est. Monthly SBA Loan Payment:
$1,302
Est. Annual Interest Rate:
5.5%
Will Seller Lend To Buyer:
No

Demographics

Population 3-mi. 5-mi
2014 Total Population 27,857 87,810
Households 3-mi. 5-mi
2010 Number Of Households 9,987 31,396
2010 Persons Per Household 2.74 2.74
Median House Value $404,600 $478,894
Income Per Household $57,500 $71,808
Businesses 3-mi. 5-mi
2009 Number Of Businesses 328 1,629
2012 Number Of Employees 4,174 22,428
2012 Total Annual Payroll $59,430,000 $343,129,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, foreward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.


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