Mexican restaurant for sale in the Frisco, Texas area for $299,000! Asset sale! Established business opportunity, currently grossing an estimated $1,289,732. Restaurant is in an end cap location in a modern plaza, offering 2 outdoor patios one of which is dog friendly. Seats 140 inside and 80 outside. This restaurant is in a high income residential area with very little local competition. Popular, extensive menu is offered for lunch and dinner and brunch on the weekends. Keep as a Mexican restaurant or create your own! Currently receiving great ratings. Includes all restaurant equipment with an estimated value of $167,358. 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 $1,289,732. 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. If financing is needed for startup costs 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, property rental fees, permits 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?
Currently the owner leases the property. Lease terms remain for 48 months. New owner must be approved to take over. Note: New buyer will sign lease terms with the property owner.
Where is the restaurant located?
Restaurant is located in the Frisco, Texas 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: walk-in cooler, walk-in freezer, stoves, fryers, sinks, oven, tables and chairs, TV’s, beverage mixer, décor, small wares, etc. Estimated value is $167,358.
What size and how many customers can this restaurant seat?
Restaurant is 4000 sq. ft. and seats 140 inside and 80 outside.
Does this restaurant currently have a beer or liquor license?
A liquor license is included with this sale.
Does the restaurant offer drive-thru or delivery service?
No, this restaurant does not have a drive-thru and does not currently offer a delivery service.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 1 year.
Why is the owner selling?
Owner is relocating.
What are the hours of operation?
Current owner operates 7 days a week 11am – 9:30pm.
What type of neighboring business are in the area?
Restaurant is located in a modern plaza with neighboring grocery store, retail stores and service businesses.
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.
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.