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Asking Price$2,600,000
Revenue$1,881,466 Established1977
Cash Flow$65,797 Employees4 full, 36 part
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
Lake Elsinore Area-40 Year History. Profitable. Real Estate Included. Abc 47 License. RRC#: 3612

Asking Price: Offered At $2600000
Location: Riverside County
Annual Revenue: $1,881,466
Annual Cash Flow: $65,797

Listing Description:
Mexican Restaurant and Cantina. Freestanding, highly visible frontage, abundant parking, turn key, and beautifully remodeled in 2005. This is a consistently profitable business which enjoys a diverse loyal following and established corporate clientele. Located in a very desirable area with a residential and commercial mix, the business benefits from heavy motorist and foot traffic from locals, tourists and professionals. Consistent with previous years, the business generates just shy of $2,000,000 in annual sales with upside potential. The real estate, business name, menu, recipes, branding, ABC 47 license, and clientele all included in the sale. This is a once in a life time opportunity to own a 40 year old established iconic restaurant! Full list of furniture, fixtures, and equipment to be provided. Second floor consists of four 600 SF offices and 1 is rented. Back of the house by appointment only and receipt of NDA. FFE doesn’t include Sierra National Systems equipment, Calif. State Lotto equipment, nor the pool tables which are leased.

Seller will extend a new lease to qualified buyer at market terms and conditions.

Do not disturb employees. They are unaware of the sale.

General Information:
Established: 1977
Current Owner: 2017
Employees: 4 FT / 36 PT
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $156,788
Monthly Cash Flow: $5,483
Annual Revenue: $1,881,466
Annual Cash Flow: $65,797
Sale Reason:Other Interests
Ad #116625
Seller Reference #3612
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Contact This Seller
Steven D. Zimmerman, CBI, M&AMI, CBB, FIBBA
Restaurant Realty Company
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