Well Known Mexican Restaurant for Sale in Alpharetta Georgia

Buy this Mexican Restaurant for sale at an unheard of price.  Seller has other business ventures.  His loss is your gain.

This Mexican Restaurant for Sale is part of several under the same name that has been serving up authentic Mexican Food and Drink for over Seven years. This location has been open and operating for eighteen months and is averaging over $30,000 per month in sales.

The location can't be beat!  This Mexican Restaurant for sale is in the middle of one of the most densely populated, high income demographic area on a major road.  It's in a shopping center anchored by the largest grocer in the area.  Rent for this 3900 square foot restaurant that seats over 60 is a very reasonable $18 per square foot plus NNN.  The owner spent twice as much as he is asking for to build out the restaurant.  You have this listing by the restaurant brokers to believe what is included for only $129,000.

With sales of around $400 thousand annually you must wonder why the price is so low.  Restaurants with this level of sales and terrific location typically sell for twice what the owner is asking.  The reason is simple, he does not have the time to give this Mexican restaurant for sale the attention it needs.

Cost of goods is running at over 45%.  There is an opportunity for an experienced hands on owner-operator to cut that by 15 percentage points and save $90,000 in expenses.  Labor, including a full time manager is at 37%...another opportunity to cut expenses back significantly.  Just by getting expenses in line within industry standards, a new owner could easily enjoy a six figure income.

Best of all, the new owner can rebrand the restaurant or continue to operate under the current name and enter into a license agreement with the current owner. To learn more about this Mexican Restaurant and Bar for Sale including the name, address, and financials, be sure to click on the "request additional information" or "request name and address" links, sign the on line confidentiality agreement, and contact Cyndi Weinbaum at We Sell Restaurants. 

Listing

  • Listing#: 5198
  • Price: $129,000
  • Location: Alpharetta
Lease Term: 3.5 years left
Monthly Rent: $
Indoor Seating: 60+
Inside Sq. Ft: 3900
Hood System: Yes
Hours Open: Sunday - Thursday 11 a.m. -10 p.m. Friday-Saturday 11 a.m. - 11 p.m.
# of Part-Time Employees: 5
# of Full-Time Employees: 4
Gross Sales: $394,017
Owner Benefit: $-12,523

Features

  • Located in Affluent North Fulton Alpharetta/Milton Area
  • Full Liquor License
  • Beautiful Outdoor Patio
  • Annual Sales Projected at $560,000 2016
  • Stunning Decor includes High End Stacked Stone Bar
  • Mexican Restaurant for Sale

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