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40-Year Mexican Restaurant & Bar-Full Liquor
Extremely attractive Mexican family restaurant with full liquor and a community favorite for over 40 years! Offering an incredible lease through 2042, with only 2% annual increases every five years. An expansive remodel was completed in 2022 with new equipment, flooring, fresh paint, new booths, tables and chairs, plus a state-of-the-art sound system and mood-enhancing lighting throughout. Some features include a host area, an inviting bar with a dining area, and two large main dining rooms; one can easily be used for private parties with stunning original artwork. The kitchen would please the most demanding chef and is equipped for super high volume with a large, hooded cook line & kitchen, separate prep kitchen, wait staff prep area, separate dishwashing area, large storage room and large office. It boasts good reviews across the board. This is a highly visible location with ample parking and easy delivery access to the kitchen. Perfect for a high-volume operator. A national chain operator previously occupied this restaurant.
The 6,000 sq. ft. building was completely remodeled in 2022 and offers seating for 110 people. The staff comprises 25 employees, including one manager and one assistant manager. The owner works approximately 4 hours a day. They are open Monday-Friday, 11 AM to 9 PM, Saturday & Sunday, 10 AM to 9 PM.
The rent is $14,500 monthly rent with triple net charges. The lease expires in 2032 with two additional 5-year options to extend. Rent increases are 2% every five years.
Equipment and fixtures include a hooded cook line, walk-in cooler, walk-in freezer, stacking convection ovens, 2 grills, 3 kettle burners, 4 burner stove top, 2 heated prep stations, 2 cold prep stations, low boy freezer, chilled salsa bar, chip warmer, coffee maker, ice tea maker, soda fountain, mixer, robot coupe, POS system, all booths, tables, chairs, glassware, flatware, dinnerware, pots, pans, utensils, POS system, cup & glass racks, lockers, security system, sound system.
The Bar area includes 2 kegerators, 4 door undercounter refrigerators, a bar well, 3 TVs, an ice maker, a blender, and liquor storage.
Listed for $275,000. Name, menu and recipes are not included.
Listed By: Teri Craft
Background information
Reference:
riversidemexican
Year established:
1982
Reason selling:
Other interests
Finance
Sales:
$1,232,233
Profit type:
Net Income
Operations
Employees:
25 employees, including one manager and one assistant manager. The owner works approximately 4 hours a day.
Equipment:
Hooded cook line, walk-in cooler, walk-in freezer, stacking convection ovens, 2 grills, 3 kettle burners, 4 burner stove top, 2 heated prep stations, 2 cold prep stations, low boy freezer, chilled salsa bar, chip warmer, coffee maker, ice tea maker, soda fountain, mixer, robot coupe, POS system, all booths, tables, chairs, glassware, flatware, dinnerware, pots, pans, utensils, POS system, cup & glass racks, lockers, security system, sound system. The Bar area includes 2 kegerators, 4 door undercounter refrigerators, bar well, 3 TVs, ice maker, a blender, and liquor storage.
Inventory:
Inventory is available.
Premises
Facility:
Approximately 6,000 sq. ft. Completely remodeled in 2022 with newer equipment, flooring, lighting, and furnishings. Seating for 110 people. Ample parking surrounds the building. This was previously a Coco’s restaurant. Offering a huge kitchen, large storage area, separate dishwashing area with hood, large office, rear delivery access, ample parking in front and in back. Offering a host area, separate bar with dining area, main dining room, and additional dining room for private parties, with lighting and music system that can be controlled separately by area.
Square footage:
6,000
Rent and lease terms:
$14,500 monthly rent with triple net charges. The lease expires in 2032. Rent increases are 2% every 5 years. There are two 5-year options to extend.
Location:
Prime and highly visible location on a main boulevard
Opportunities
Growth:
Revenue is increasing consistently.
Market:
This establishment has consistently won the hearts and loyalty of the surrounding community.
Price and terms
Price:
$250,000
Down payment:
$125,000
Financing:
Cash offers are preferred.
Training:
Training is available