List price is based on a multiple of yearly sales: $1,275,932.

Financing:  Not approved for SBA loan, no seller financing.  Cash Only.

Lease: 9/1/2024 through 8/31/2027. $5,640/month, Non-transferable.  Broker has a relationship with the lessor to negotiate a new lease.

Family owned: (non-franchise), owner is retiring 

Hours: From 11 A.M. to 8 P.M., Tuesday Through Saturday, so closed two days per week.

ABC License: Type 47 goes with the business can be used for inside and outdoor dining (outdoor dining is an option).  Full bar and separate dining room.

Non-Compete Clause: 5 years, 50-mile radius

Innovation:

Restaurants that stand out among competitors adapt to consumer preferences like healthier foods and creative food offerings, online presence, tablets and smart phone access.  This is something that can be used to grow this type of business.

Rising disposable income will fuel demand in the future for upscale dining.  This restaurant already possesses an authentic Mexican style dining room. The restaurant's current inventory includes a wide variety of quality wines, which can be purchased as inventory in the sale.  These amenities make this restaurant stand out in the local area.

Inventory is not included in the price and will be added to the list price upon inventory count by both the Seller & 
Buyer

Some information provided by IBIS Report, August 2024