Northwest Florida business for sale. This 3 location full service Mexican retaurant chain has been serving the area since 2000.Sales for 2019 tracking to be over $8 million.All locations are on high traffic arteries and parking is ample. The operation leases approximately 20,000 square feet and over all rent is about 5% of gross sales. Management is in place in all locations plus an over all general manager who would like to stay on. The business has approximately 90 employees. Owner benefit based on the 2019 numbers to date should be over $800,000 . The business has ben pre-qualified by an SBA lender and can be purchased for as little as 10% down by a qualified buyer. The seller will provide transition training and sign a non-compete agreement. The restaurants are located near the beach within a 20 mile radius of one another for ease of oversite. Number of employees was increased in 2018 and all were given raises. Business is positioned for menu price increases which will increase owner benefit by approx. $80,000 for each 1% based on current P&L.
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