Mexican Restaurant for Sale in Gilmer County Georgia $160,000 in Earnings

This Profitable Mexican Restaurant for Sale in Gilmer County Georgia Checks all the right boxes.  Verifiable Books and Records Show Over $190,000 in Owner Earnings on $800,000 in Annual Sales, a7% increase over 2018.  A Low Base Rent of around $14 Per Square Foot or Only 7% of sales and Seven Years of Continuous Operation in the Same High-Traffic Location Make this a Rare Find.  Add SBA and Owner Financing Options for a Well Qualified Buyer and you have very desirable Opportunity that won't last.

This Profitable Mexican Restaurant for Sale has been open and operating profitably for seven years.  The location is in a very busy shopping plaza on a high traffic road.  You would think that for a location like this rent would be upwards of $20 per square foot but for this 4000 square foot site that can accommodate 168 guests inside and an additional 25 on their outdoor patio, the rent is less than $5000 per month. 

We Sell Restaurants is offering this Profitable Mexican Restaurant for Sale that is located just over an hour north west of downtown Atlanta, Gilmer County has a terrific mix of full time residents, businesses, and visitors who visit all tear round for fun outdoor activities such as Apple Picking, Hiking, Antiquing, and even animal farms.  Gilmer Georgia is a great place to live full time, own a business, or as a vacation destination.

This Profitable Mexican Restaurant for Sale serves all the traditional dishes such as Tacos, Fajitas, enchiladas as well as a full bar that serves up fresh and frozen margaritas and lots of draft beer choices.  2019 annual sales are trending to be $800,000 generating owner earnings of over $160,000.   The restaurant is fully staffed and the current owner will train for two weeks to ensure you continue on with the restaurant's successful revenue and profit trends.  Don't miss out on owning this extremely successful restaurant priced to sell.  Verifiable books and records should easily qualify for SBA lending with as little as 30% down and the owner will consider seller financing for a well qualified buyer.

This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval. The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios. The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise. The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.

Please click on the tab below to easily acknowledge confidentiality on this Mexican Restaurant for Sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Steve Weinbaum at (770) 714-4552

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Listing

  • Listing#: 7355
  • Price: $399000
  • Location: Gilmer County
Lease Term: Expires 2023 But Landlord will extend
Monthly Rent: $4725,
Indoor Seating: 168
Inside Sq. Ft: 4400,
Hood System: Yes
Hours Open: Mon: 11:00 AM - 9:00 PM Tue: 11:00 AM - 10:00 PM Wed: 11:00 AM - 11:00 PM Thu: 11:00 AM - 10:00 PM Fri - Sat: 11:00 AM - 9:00 PM Sun: 11:00 AM - 10:00 PM
# of Part-Time Employees: 6
# of Full-Time Employees: 5
Net Sales: $824295.00
Owner Benefit: $190643

Features

  • Profitable Gilmer County GA Mexican Restaurant For Sale
  • $190,000 in Annual Owner Benefit on $824,000 is Sales
  • Open and Operating 7 Years in the Same Location
  • Terrific Lease Rate of under $5000 per month. Less than 6% of Sales
  • SBA and Seller Financing Options
  • Mexican Restaurant for Sale