Broker Name:Kevin Chung
Broker Email:info02@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Quick Service Authentic Mexican Restaurant
(Restaurants)
Collin, Texas
Listed Price: $ 109,000
Listing ID: 000908

Listing DetailsDown Payment: $ 55,000
Gross Revenue: $ 210,000
Cash Flow: $ 41,000
FFE: $ 30,000 (Included in Price)
Inventory: $ 3,500
Reason for Sale:

Health issue/Retirement


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

An authentic Mexican restaurant serving made to order dishes in a prime location is now available for acquisition. This business occupied in a 1,240 SF space of a retail strip center in North Dallas that features a no-frills and cozy interior that is located next to an intersection with consistently heavy traffic in a heavily populated neighborhood. This business was established in 2009 by the previous owner and acquired by the current owner in 2014. Most of the customers are a good mix of low to middle-class individuals and families coming from the surrounding densely populated residential neighborhoods. There are few other direct competitors in the area, which is expected due to the demographics of the area, but each location has its own set of customer base and has not had any adverse effect financially This authentic Mexican restaurant serves made to order dishes of high-quality Mexican cuisines that range from breakfast burritos, quesadillas, tortas, enchiladas, tacos, home-style seafood entrees, and etc. The average gross monthly sales are approximately $18,000 without much proactive marketing other than utilizing third party delivery services. Its prime location coupled with proactive marketing and new owner's active involvement in day to day operations will definitely bring his business back to its previous days and be able to reach its full potential. Currently, there is a very minimal amount of marking being done other than numerous positive reviews, and there are many ways to proactively market this business such as direct mailing, flyers, social media outlets, coupons, and daily specials, catering services, in-house delivery, and etc. Also, by obtaining a TABC license to sell alcohol will greatly boost overall sales. This established authentic quick-service Mexican restaurant is a great business opportunity for an active owner-operator who can take this business to the next level.


Competition:

There are few other direct competitors, but each location has its customer base. This business is optimally placed next to one of the busiest roads in the city and easy to access than other competitors.


Potential Growth:

Minimal marketing is done, and proactive marketing methods are needed to fully utilize to achieve maximum income potential. This business is ideal for owner-operator who can be in charge of day to day operation and online and offline marketing of the business while keeping all books and records up to date.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 1240
Facilities:

This business is located in a 1,240 SF space of a retail strip center which features no-frills and cozy interior that is located next to an intersection with consistently heavy traffic as well as densely populated neighborhoods. All equipment is in good condition and in working order.


OperationYear Established: 2009
Employees: 2FT/3PT
Absentee Owner: No