This Northern California Mexican Restaurant is a California S Corporation and was started 2 years ago and has been growing since inception. They serve delicious authentic Mexican food, where the owners share their favorite dishes and build an experience for their customers to feel at home. They are open 7 days a week serving breakfast, lunch, and dinner. They specialize in goat and seafood dishes but serve many other dishes and have a unique menu. All recipes, menus and creativity go with the sale of the business. A Type 41 ABC Liquor License (Beer / Wine) is available for transfer as well.
The market size in revenue of Mexican Restaurants in 2022 is $76.7 Billion. It is expected to increase by 7% in 2022, and the market size of the Mexican Restaurant industry in the US has grown 3.8% per year on average between 2017 and 2022, increasing faster than the economy overall. The market size of the Mexican Restaurants industry in the US increased faster than the Consumer Goods and Services sector overall. The primary positive factors affecting this industry are a growing life cycle stage and agricultural price index. The number of Mexican Restaurants is close to 62,000.
The Mexican Restaurants industry has performed well over the five years to 2022, as Americans have grown increasingly fond of Mexican cuisine. Many of those who had little exposure to the food have made trips to locations with deep roots in Hispanic culture, enabling them to sample various Mexican delicacies and develop an appreciation for them. Popular destinations such as Florida, California and Texas are hubs for industry operators, with many developing their own distinct, regional take on the Mexican cooking. Additionally, a growing immigrant population has led to the establishment of authentic Mexican restaurants in regions where they were not previously popular.
Financial Information
$150,000
Asking Price
$50,000
Cash Flow
$425,000
Gross Revenue
$150,000
Down Payment
Business Location
City:
Northern California
State:California
Reason for Sale
Sellers want to pursue other interests.
Detailed information
Year Established:2021
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Part-Time Employees:6
Contractors:N/A
Owner Worked Hours/w:40
Adjusted EBITDA:
$35,000
Inventory Included: Yes
Inventory Value:
$5,000
Monthly Rent:
$6,500
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 1441
FF&E Included?: Yes
FF&E Value: $60,000
Training/Support
The Seller is willing to provide training at 20 hours per week for 4 weeks for the new Owner. Additional training may be provided at agreed upon price and terms between the new Buyer and Seller.
Facilities
This space was renovated in 2021 when the business first opened.
Market Outlook/Competition
Growth can be obtained by exploring more marketing avenues such as social media, print advertising and other marketing efforts. Current marketing efforts are focused on the internet. Also, this is a new business so more time in operation will bring in more customer loyalty. Also, expansion on the exiting menu could help, as well as opening earlier to capture more of the breakfast customer base.
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