Tex Mex Restaurant For Sale Raleigh, North Carolina
Tex Mex Restaurant For Sale in Raleigh, North Carolina for $189,000! Financing available with an estimated $48k down! New turnkey restaurant opportunity that will gross an estimated $500,000 and net $33,600 (based on other owner's income in similar markets). Income based on an owner/manager role. This established quick service business opportunity, offers a proven and turnkey business model. The new owner may establish business anywhere in the Raleigh, North Carolina region, assuming approved by the company. Location must have an anchor store. Restaurant currently serves a Tex Mex style menu. Purchase price includes all cost for equipment and build out, again completely equipped and turnkey. Licensed Trade Name will be disclosed once an NDA has been executed.
Frequently Asked Questions:   Price: $189,000   Cash Flow: $33,600   Financing: Yes   Listing: Active
What is the current gross revenue for this restaurant? The current gross revenue that can be generated based on other restaurant owners in the area is $500,000 per year.
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? Yes, the company has aligned financing through a third party source. Requirements are estimated to be $48,000 down and a 600 FICO score. Need more money? 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. Expenses estimated to be $466,400 per year.
Is the restaurant property owned or leased? The new owner will lease the property. Location must have an anchor store.
Where is the restaurant located? New owner may establish business anywhere in the Raleigh, North Carolina region assuming approved by the company.
What type of equipment is included with the sale? Current list of equipment includes: Sneeze Guard System, POS System (Or POS System Lease Option By Licensee), Hot Wells 4 Pan Unit (Self standing unit with cutting board), Mega Top 72” Sandwich Unit, Star 14" X 14" Two Sided Flat Plate Panini Grill (3), 4 Burner Hot Plate/Oven Unit, 60" Griddle Equipment Stand (Under Hood), APW 2 Drawer Warmer Drawers (2), 60" True Work Top Freezer, 36" Gas Griddle, Standard Baja Bistro Menu Board, Fryers (2), Exhaust Hood (11' Unit W/Fire System), Rice Warmers (2), Soda Dispenser (No Cost Lease By Coke USA), Ice tea Dispenser/System (No Cost Lease By US Foodservice), Wall Mount Hand Sinks (2), Shelving (Free Standing & Cooler), Shelving (Wall Mount), Three-Compartment Dish Sink, One-Compartment Produce Sink (2), Potato Cutter (wall mount), Mop Sink, Ice Maker W/Ice Storage Bin, 8' X 8' Walk-In Cooler, Stainless Steel Work Table, 30 Cup Rice Cookers (2), Soda Rack (No Cost Lease By Coke USA), Small Wares Package Under Separate Cover Bid, Dining Room Table & Chairs, Baja Bistro Exterior/Storefront Sign Package, Single Pan Cold Pan Unit, 24” Gas Char Grill, Half Size Warmer Cabinet, 36" S/S Work Table, Turbo Coupe 350 Hand Mixer, Single Door Glass Front Beer Refrigerator, Two Flavor Frozen Beverage Unit. Estimated value is $70,000.
What size and how many customers can this restaurant seat? On average locations for a Tex Mex Restaurant seat 60 inside and 15 outside.
Does this restaurant currently have a beer or liquor license? Yes there is a beer and wine license included with the cost of this sale.
Does the restaurant offer drive-thru or delivery service? No, however most Tex Mex Restaurants offer take-out service and catering.
How long has the seller owned the restaurant? This is a new restaurant opportunity. Owners have established successful restaurants for the past 4 years.
Why is the owner selling? Owners wants to establish more locations nationwide.
What are the hours of operation? Current owner operates the business from 11am to 11pm, Monday-Friday (Friday 3pm-11pm). New owner may set their own hours.
What is required in order to qualify for purchase? Typically, most company restaurants or franchises will require you to attend an interview for approval from the company, background check, and in most cases require the buyer to form some type of entity such as an LLC or Corporation. This not only protects the company, 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? Tex Mex Restaurant located in an established plaza. Financing available with an estimated $48k down! New franchise opportunity! Income based on an owner/manager roll. Includes the cost of build-out and all equipment worth an estimated $70,000. Plenty of opportunity to increase revenue. Priced at $189,000. If you have interest in setting up a similar restaurant opportunity in another region of the US 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 Seller’s 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.