Established Mexican Restaurant with Authentic Mexican Cuisine

Listing Number: 13485-652020

Description

The most popular Authentic Mexican Cuisine in southeast NC. Operationally survived Covid and transformed its business model to be pandemic proof. Well established online ordering system, utilizing all latest services such as Door Dash, Grub Hub, etc... The last several years has built a reputation for excellent catering & event services. The traditional menu has specialties quite like no other Mexican Restaurant, including their signature White Cheese Queso. The menu is complimented with Mexican Beers and home-made Margaritas. The dining area and kitchen have been recently updated with new coolers, painting, and fixtures providing for the new owner to be a turn-key transition. Well-managed cost controls allow a Buyer to enjoy a well vetted vendor list and a 69% Profit Margin for 2022 and the current calendar year. This ideal for an owner-operator buyer with experience in the restaurant industry.

Listing Details

• Price: $250,000
• Down Payment: $250,000
• Sellers Discretionary Earnings: $495,000
• Total Sales: $495,000
• Location: New Hanover County, North Carolina


• Inventory: $3,000
• FF&E: $85,000
• Employees: 7
• Year Established: 2013
• Reason for Selling: The owners recently acquired another business in a non-related industry.
• Category: Restaurants