This north suburban Chicago area Mexican restaurant is for sale. Blending traditional Mexican food with American offerings makes this a popular place. In fact, the restaurant offers brunch on Saturday and Sunday. The menu includes:
• Breakfast Foods
• Lunch Specials
• Traditional Entrees
• Kid’s Meals
• Burgers, Sandwiches & Salads
• Desserts
Because it carries a liquor license, it also offers alcoholic beverages such as margaritas and beer. There is ample seating at the counter, at one of the 13 tables, or on the patio. While most customers choose to dine in, the restaurant has a busy take-out business. Additionally, there is a small gaming room. The restaurant also carries gaming license.
One customer’s review said: “This restaurant is famous for its great service and friendly staff that is always ready to help you. You will pay fair prices for your meal. The modern décor and pleasant atmosphere let visitors feel relaxed here.” Other reviewers mentioned the large portions, lovely presentation, and fair prices. However, most raved about the outstanding service and fresh food. With an average of 4 star reviews, it’s no wonder the restaurant serves anywhere from 280 to 380 customers on a weekly basis. The average cost per customer is about $35.
Since its close to homes and other businesses, it easily attracts local customers. In fact, many make multiple visits a year. Additionally, its strip center location is on a main road with high visibility. In fact, the average daily traffic count is 15,300. Because of its location, there is ample parking, too.
The restaurant’s community is more suburban than urban. Densely populated with homes, it is close to major attractions. Mass transit makes it easy to access nearby Chicago and other suburbs. Not only is it considered a friendly, welcoming community, but it is also a great place to live. With an actively growing business district, it’s the ideal place to grow a business.
With recent upgrades to appliances (included in the sale), this is a great time to purchase this Mexican restaurant. A hands-on owner/operator gets a turnkey business with staff, customers, and reputation in place. Interested? Contact us today to find out more.
Investment Considerations:
• Busy Location
• Indoor Dining
• Patio Seating
• Curbside Pickup
• Carries Liquor & Gaming Licenses
• Recent Upgrades to Major Appliances
• High Traffic Counts
• Ample Parking
• Licenses & Equipment Included in Sale
Financial Information
$200,000
Asking Price
$85,003
Cash Flow
$475,181
Gross Revenue
On request
Down Payment
Business Location
City:
North Suburban Chicago Area
State:Illinois
Reason for Sale
The Seller is pursuing other business interests.
Detailed information
Year Established:2011
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 10
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
N/A
Inventory Included: Yes
Inventory Value:
On request
Monthly Rent:
$2,800
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 2000
FF&E Included?: Yes
FF&E Value: On request
Training/Support
The Seller is willing to train and transition the new owner for a mutually agreed upon time immediately following closing.
Market Outlook/Competition
There is one direct competitor in the area. There is ample room in the local market for this type of restaurant to thrive.
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