Mexican Restaurant For Sale Georgetown, Texas
Mexican Restaurant For Sale Georgetown, Texas for $329,900! Currently grossing an estimated $1,278,991 and nets $109,415. Some seller financing is available. Located in an established plaza. Turnkey and move in ready for those who want to take over a successful business model. Popular, extensive menu is offered along with a catering service. Currently receiving great ratings. Includes all equipment and furniture. Seats 200 inside and 30 outside. Plenty of opportunity to increase revenue.
Frequently Asked Questions:   Price: $329,900   Cash Flow: $109,415   Financing: No   Listing: Active
What is the current gross revenue for this restaurant? The current gross revenue being generated is estimated at $1,278,992. Great opportunity for someone looking to venture into a similar business.
How does the restaurant profit? Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant? Seller is offering financing of $25,000. Terms to be discussed. This business may qualify for a business or SBA loan. However, if financing is needed for startup cost you can review additional Financing Options Here.
What are my expenses and overhead for a restaurant business? Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance.
Is the restaurant property owned or leased? Currently the owner leases the property. Lease terms remain for 7 years. New owner must be approved to take over. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located? Currently located in Georgetown, Texas. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale? Current list of equipment includes: new walk-in cooler/freezer, 2 ranges, 2 vent hoods, pizza oven, dishwasher, new ice machine, 2 refrigerators, 3 cold tables with prep stations, stainless steel prep tables, 2 reach-in coolers, 2 beer keg coolers, glass front cooler, 2 margarita machines, soda machine, sinks, 11 new upholstered booths and tables, tables and chairs, bar tables and chairs, outdoor tables and chairs, computer, POS system, sound system and security system.
What size and how many customers can this restaurant seat? Restaurant is 6000 sq. ft. and seats 200 inside and 30 outside.
Does this restaurant currently have a beer or liquor license? A liquor license is included with this sale. The liquor license is worth $25K and is only retained by buying the business entity. The liquor license on attached to the business entity, not the assets of the business.
Does the restaurant offer drive-thru or delivery service? No, due to the location of the store in and its proximity in the plaza there is no option for a drive-thru, however most Mexican Restaurants offer take-out service (delivery through doorstep).
How long has the seller owned the restaurant? Seller has owned this restaurant for 5 years.
Why is the owner selling? Owner is selling due to health reasons.
What are the hours of operation? Current owner operates the business from 11am - 9pm Monday-Thursday, 11am - 10pm Friday-Saturday and 11-3 Sunday. New owner may set their own hours.
What type of neighboring business are in the area? Restaurant is located in a busy strip plaza.
What do you recommend when purchasing a business? When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know? Mexican Restaurant located in an established plaza. Turnkey and move in ready for those who want to take over a successful business model. Includes all equipment and furniture. Seats 200 inside and 30 outside. Plenty of opportunity to increase revenue. Priced to sell at $329,900. Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer's duty and obligation to verify the accuracy of the Sellerís representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.