Northwest Florida business for sale. This 3 location full service Mexican retaurant chain has been serving the area since 2000. Sales were over $6 million in 2017 and year 2018 is tracking to be betwen $6.5 and $7 million. All locations are on high traffic arteries and parking is ample. The operation leases approximately 15,640 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 80 employees. Owner benefit based on the 2017 tax returns is $854,000. 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.
These businesses are being sold confidentially. For details including name, exact location, or sensitive financial information a Non-Disclosure and Registration Agreement must be signed by prospective purchasers. BizBro.com Business Brokers of Northwest Florida does not warrant the accuracy of the information stated above as said information was provided to BizBro.com Business Brokers by the owners of the businesses described above.