Established & Profitable, Fast Casual Mexican Concept w/Strong Catering Sales!

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Established & Profitable, Fast Casual Mexican Concept w/Strong Catering Sales!

RRC# 4388
Location: San Mateo County

Description:
Don’t miss this opportunity to buy this wonderful existing concept in an ideal high-traffic location.  This 950sf, casual, quality Mexican concept is located directly off a major Peninsula freeway and thoroughfare. In addition to the customer foot-traffic within the strip mall and immediate area, the business has extremely strong catering contacts and catering business.  The local businesses and nearby college drive a lot of sales to this trusted eatery and catering kitchen.

This great concept previously had three successful locations, which were sold, and this last strong location is prime for a new buyer and operator to continue the success here.
The current lease rate for this space is $4165+NNNs, and an incoming tenant can be assigned a long-term lease.  The business is run with approximately six employees and the owner, and produces consistent SDE Profitability.  It was doing over $1,000,000 in sales pre-pandemic, and now in 2022 the catering sales have returns and volume and profits are back.   Please request a full equipment list for this space and a tour.

*Owner has a Type 47 Liquor License for sale for an additional $100,000.

The future is bright for this concept and location to thrive long into the future!


For more information please visit:   https://www.restaurantrealty.com/listings/4388/

Financial Information:
Monthly Revenue: $57,026
Monthly Cash Flow: Contact for Info
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info
Payroll: Contact for Info

General Info:
Organization: Corporation
Established: 1998
Current Owner: 2014
Employees: 6
Reason For Sale: Retirement
Monthly Rent: $4,165+nnns
Expiration:   10/31/22  

Facilities:
Square Feet:  950
Seating: 49
Parking: Parking Lot
Licenses: Owner has a TYPE 47 Liquor License for sale for $100,000
Days/Hours of Operation: 1030am-730pm daily, closed Sundays

Facilities:

Square Feet: 950 Seating: 49 Parking: Parking Lot

Training/Support:

Yes

Sale Reason:

Retirement