Profitable Outer Banks Restaurant Opportunity Available in NC

Listing Number: 13485-879883

Description

This Fast Casual Mexican Restaurant is located in a coastal community, with a great reputation built over a successful 10 years of operations. This restaurant is poised for growth with a new owner as the owner is ready to retire.

This business has experienced increased revenue year-over-year, with the owner's benefit being over $400,000 while only being in operation for 9 months of the year. This restaurant is a destination location as well as a favorite among locals. Customers travel from miles around to taste authentic Mexican cuisine. This restaurant was pandemic-proof and has excelled with its fast-casual nature.

This Mexican Restaurant is a turnkey operation with knowledgeable staff It is currently only open during vacation season, so it provides a new owner with opportunities for growth by extending business hours and lengthening the operating season. The current hours of seasonal operation are 8 am-3 pm, 7 days a week.

The business has been SBA Pre-Approved requiring 15% down from a qualified borrower.

Seller Financing Available to a Qualified Buyer

Listing Details

• Price: $850,000
• Down Payment: $765,000
• Sellers Discretionary Earnings: $454,416
• Total Sales: $1,038,974
• Location: North Carolina


• Inventory: $20,000
• FF&E: $101,831
• Employees: 6
• Year Established: 2010
• Reason for Selling: Retirement
• Category: Restaurants