Tupelo Data Room
Bars, Pubs & Taverns, Mexican Restaurants
Active

Thriving Mexican Cantina & Restaurant

Riverside, Riverside County, California 92501, United States
listing image
Asking Price$626k
Revenue$2m
EBITDA-
Cash Flow$300k
Description
Unlock your entrepreneurial dreams with this exceptional opportunity to own a highly successful Mexican restaurant in the heart of Riverside! With a decade of proven success, this newly remodeled restaurant boasts festive yet modern aesthetics, creating a vibrant and welcoming atmosphere for guests. Key Highlights: Decade of Success: A well-established restaurant with a strong reputation and loyal customer base. Newly Remodeled: Enjoy a fresh, modern look that retains a festive charm, perfect for any occasion. Prime Location: Centrally located in the bustling city of Riverside, attracting locals and visitors alike. Full Alcohol License: Serve award-winning margaritas and micheladas, enhancing your menu and boosting sales. High Volume Sales: Achieve impressive annual sales of $2,000,000 with an expected adjusted net profit of over $300,000. Affordable Rent: Benefit from a fantastic lease with rent less than 8% of sales, maximizing your profitability. Fully Staffed: Operated efficiently by a dedicated full staff, allowing you to step into an already smoothly running operation. Financial Highlights: Annual Sales: $2,000,000 Expected Adjusted Net Profit: $300,000+ Rent: Less than 8% of sales This Mexican restaurant offers a rare opportunity to own a thriving, profitable business with a decade of established success. The recent remodel ensures a contemporary yet festive atmosphere that delights patrons, while the prime Riverside location guarantees a steady stream of customers. With a full alcohol license, you can capitalize on the popularity of your award-winning margaritas and micheladas, further driving sales. The restaurant is fully staffed and operates smoothly without the owner's daily involvement, providing you with the flexibility to manage the business as you see fit. The affordable rent ensures that a significant portion of your revenue translates into profit, making this an excellent investment. Next Steps: Don't miss out on this incredible opportunity to own a successful Mexican restaurant in Riverside. Contact us today for more information and to schedule a viewing. Seize the chance to be part of this thriving business and continue its legacy of excellence! Complete the form below and we will send you an NDA for additional information.
Real Estate
Rent is $5,500 per month
Building Size: 3000 sq. ft.
Furniture Fixtures & Equipment
$150k
Inventory
$25k
Business is
Absentee Owner
Reason Selling
Other businesses - Absentee Owner
Financing Options
Seller financing is available.TBD - For experience operator
Asking Price$626k