Mexican Bar & Grill For Sale in Lake County, Colorado
Popular Mexican Bar & Grill For Sale in the Lake County, Colorado area for $115,000! Currently grossing an estimated $421,166 per year. Located in a standalone building near a ranger’s station, college, animal hospital, medical center, various businesses, and residential communities. This is a large location that seats 140 inside and 60 outside! Turnkey and move in ready for those who want to take over a successful business model. Restaurant serves a popular, extensive menu of fresh, cooked-to-order items created from original Northern New Mexican recipes. A staple in the area, the restaurant was established over 80 years ago with the current owners in place for the last 23 years. Currently receiving excellent reviews. Sale includes all equipment and furniture estimated at $20,000. Plenty of opportunity to increase revenue! Some financing available for buyers who qualify for a revolving credit line through our third party source. Apply Here.
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $421,166. Great opportunity for someone looking to venture into a similar business.
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?
There is no seller financing. This business may qualify for a business or SBA loan. However, if financing is needed for startup cost 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, repairs and maintenance, accounting fees, credit card fees, property rental fees, taxes and licenses, phone, and insurance.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Is the restaurant property owned or leased?
The property is owned by the seller who will lease the property to the buyer. Terms to be discussed.
Where is the restaurant located?
Currently located in the Lake County, Colorado area. Physical address will be released to qualified buyers upon execution of an NDA and financial disclosure.
What type of equipment is included with the sale?
Current list of equipment includes: cooler/freezer, ovens, fans, sinks, booths, tables and chairs, computers, television, shelving, security system, and more. Total value estimated at $20,000.
What size and how many customers can this restaurant seat?
Restaurant is over 3,850 sq. ft. and seats 140 inside and 60 outside.
Does this restaurant currently have a beer or liquor license?
Yes, there is a beer and liquor license included with this sale.
Does the restaurant offer drive-thru or delivery service?
There is no drive-thru or delivery service currently offered.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 23 years.
Why is the owner selling?
Owner is retiring.
What are the hours of operation?
This restaurant operates 4pm – 9pm Wednesday through Monday and is closed on Tuesday.
What type of neighboring business are in the area?
Nearby businesses include an animal hospital, college, medial center, insurance agency, and more.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, 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?
Plenty of opportunity to increase revenue! Turnkey and move in ready for those who want to take over a successful business model. Sale includes all equipment and furniture. Priced to sell at $115,000! For additional information and to evaluate this business further 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.