Popular Mexican restaurant For Sale in Holland Michigan for $89,000! Currently grossing an estimated $221,653 and nets $67,608. Located in an established plaza on a busy intersection. Turnkey and move in ready for those who want to take over a successful business model. Popular, extensive menu is offered. Currently receiving great ratings. Sale includes all equipment and furniture. Seats 36-40 inside, and has room outside for potential seating. Plenty of opportunity to increase revenue. If seeking financing, buyer must be able to borrow against personal assets. Some seller financing may be available.
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $221,653. 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?
Some seller financing may be available. 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, property rental fees, permits and licenses, phone, and insurance. Current owner estimates expenses at $154,045.
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 2 years. New owner must be approved to take over. Note: New buyer will sign lease terms with the property owner.
Where is the restaurant located?
Currently located in the Holland, Michigan 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/freezer, ranges, vent hoods, dishwasher, ice machine, refrigerators, cold tables with prep stations, stainless steel prep tables, soda machine, sinks, upholstered booths, tables and chairs, POS system, and more. Total value estimated at $30,000.
What size and how many customers can this restaurant seat?
Restaurant is over 2000 sq. ft. and seats 36-40 inside.
Does this restaurant currently have a beer or liquor license?
There is no beer or liquor license included with the sale.
Does the restaurant offer drive-thru or delivery service?
There is no drive-thru or delivery service offered. There is carry-out through online ordering, and a catering service offered.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 8 years.
Why is the owner selling?
Owner is moving out of the state.
What are the hours of operation?
This restaurant operates 10am – 8pm Monday through Saturday and is closed on Sunday.
What type of neighboring business are in the area?
Restaurant is located in a strip plaza at a busy intersection. Nearby businesses include a fitness center, hotels, salon, and a shopping mall.
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 $89,000! 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.