Profitable Restaurant in Outer Banks NC with SBA Approval

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 $450,000 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.

Listing Details

• Listing Number: 13485-879883
• Location: North Carolina
• Price: 1,000,000.00
• Down Payment: 1,000,000.00
• Sellers Discretionary Earnings: 454,416.00
• Category: Restaurants


• Inventory: 20,000.00
• FF&E: 101,831.00
• Employees: 6
• Years Owned: 5
• Reason for Selling: Retirement