This is a well established Mexican Restaurant on a 1,320…
This is a very popular Mediterranean restaurant. It is a family start-up, grew extremely fast and now has approached almost 5 locations. The owner is now ready to retire and hand off his legacy to a new operator who can continue to grow his concept. This is one of the three that they are selling. The restaurant is located is 1,200 sq. ft. in an excellent location with Major anchors Businesses and other Restaurants and Cafe such as El pollo Loco, Lowe and CVS. Current rent is $5,700/month, lease expires in 2021 with 1 x 5 years option. Hours of operation are: 7 days a week (11:30 am to 8:30 pm). Seller claims gross yearly revenue is $550,000 and yearly net is $96,000. The restaurant is equipped with a full kitchen and recently remodeled with a type 4 hood. This a great opportunity for someone looking for a turn-key business that makes immediate cash flow. Owner is semi-absentee with a full staff wanting to stay on board. New owner does not need to change anything, but to continue to grow the business as it has been extremely successful.
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