Property ID : DE41.12
For Sale $85,000.00 - Restaurant
DESCRIPTION:
- A fast casual, long standing restaurant located off a major Buffalo area highway
- Operating for 21 successful years
- Specializing in Burritos and other Mexican specialties
- 2,000 square feet of dinning space
- Large catering presence in the community
- Located north of the UB Campus, and close proximity to the Football Stadium
- Same owner and very loyal clientele through-out the years
- Additional sales through a ghost kitchen can be explained
- Hours of business 11-8 Monday through Saturday
- Ample strip mall parking available
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
- Furniture, fixtures, and equipment at a fair market installed value of $40,000.
LEASE ARRANGEMENTS:
- Current lease is valid through 5/1/25 with options
- Lease is $3,500 a month Gross
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
2023 | 2022 | 2021 | |
SALES | $622,644 | $577,795 | $536,685 |
SDE | $102,417 |
PRICE/FINANCING:
- Asking price is $85,000
- Some financing is available to a qualified buyer
COMMENTS:
This is an ideal owner / operator opportunity for a business that has shown increase sales
for the last 3 years. Adding beer and wine would increase revenue and pushing a new fad
Called “Ghost Kitchens” for on-line ordering only.