Owner-Absentee Well-Established Local Favorite Tex Mex Cantina 001169
Owner-absentee 20+ year established casual Tex-Mex Restaurant and Cantina is available for acquisition. The current owner acquired the business in September 2019 and remodeled the interior to improve the aesthetics and the atmosphere. This well-established restaurant resides in a 3,150 SF retail strip center with an enclosed patio for extra seating and is located on the intersection on two of the heavier traffic roads in the city. This business serves homemade style and traditional Mexican dishes as well as infusion of Tex-Mex including appetizers, soups and salads, grilled entrees, quesadillas, daily specials, etc., and beer, wine, margaritas, and spirits. This restaurant runs itself with an already a fully competent staff in place, which makes it possible for the owner to be involved in other ventures.
The overall sales since the acquisition have been consistent, during the pandemic year in 2020, the average gross monthly sales were $60,000 and 2021 has recovered to $69,000/month. Despite the long length of the establishment and the regularly returning customers, there is still room for growth for an active owner-operator. The new owner may immediately reduce the manager's salary by replacing him, be more proactive with online marketing to establish more presence on social media outlets to attract new customers, be more aggressive to acquire corporate accounts for catering with many businesses in the surrounding area.
The restaurant is fully staffed with long-tenured members in the back and front of the house and the current owner is only involved in higher-level management duties such as bookkeeping and payroll. The owner's physical presence at the restaurant would improve overall aspects of the business including, customer relationships, quality control, controlled food cost. This established local favorite Tex Mex restaurant has everything in place for a proactive and more enthusiastic owner to proactively promote the business to further grow and reach its full financial potential.
Focus on other businesses.
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
This business resides in a 3,150 SF retail strip center on the intersection heavily surrounded by single-family residential homes in all 4 directions. This business features an enclosed patio.
The interior was renovated in late 2019 shortly after the current owner acquired the business.
All equipment is in good working condition.
The competition is expected due to the nature of demographics in the immediate area, but the direct competitions are on the other side of the highway, which does not interfere with this location.
A full-time owner-operator would be ideal for running the business to eliminate management salary and to actively market and promote the business.
There is minimal marketing being done. A proactive direct marketing, such as flyers and coupons and more online and social media presence would help acquire customers from the untapped areas of the city.
The proactive owner may acquire more corporate catering accounts from nearby churches, auto dealerships, and industrial warehouses to increase the overall sales.
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.