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37627 - High-grossing Full-service Restaurant With Property For Sale

Concho Valley, Texas, US
Asking Price:
$4,998,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$5,409,205 (USD)
Cash Flow:
$1,311,663 (USD)

All-inclusive with Real Estate! Located in West Texas’s Concho Valley, this full-service bar and restaurant specializes in Mexican-American food, with menu items featuring Latin combinations of tacos, fajitas, enchiladas, steaks, burritos, and seafood specialties. Dishes are also complimented with beers, cocktails and classic sides like nachos, salsa, chips and guacamole, as well as kid menus and desserts from flan, brownies to cheesecake. The facilities have a total of 17,000 square-feet, complete with a 480 seating capacity, commercial grade kitchen, dry storage space, parking lot, three dining areas. It is included in the purchase price, in excellent condition, and capable of handling extra capacity. With its proven track record, supported by positive reviews, and nearly 50 years of ongoing business, state of the art equipment, and skilled personnel with industry experience, several growth opportunities are presented for an ambitious buyer, who wishes to profit by expanding hours of operation. Marketing efforts focus on targeting local individuals, and group parties, within the surrounding counties, and cities, through newspaper ads, and word of mouth referrals. Benefited by a large repeat customer base, and strong reputation, the company currently projects $5,300,000 in gross revenue for 2019, while revenue for 2018 reached $5,409,205 with SDE’s of $1,311,663. Based on an independent evaluation!

Property Information

Real Estate:

Real Property Included

Location:

Property is included in Asking Price, of
$945,000 Market Value.

Size in square feet:
17,000

Business Operation

Reasons for selling:

Approaching retirement and/or pursuing other interests.

Trading hours:

Tue to Thu. 11AM - 10PM; Fri. & Sat. 11AM - 11PM; Sun. 11AM - 5PM. Closed Mon.

Employees:
70 nonunion.
Years established:
1973

Other Information

Support & training:

Up to 3 months.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Financing is negotiable for the right buyer.

Furniture / Fixtures value:
$1,000,000 (USD) - included in the asking price

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