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Popular Turn Key Mexican Restaurant In Eastern Lowa For Sale

Eastern Iowa, Iowa, US
Asking Price:
$57,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$290,917 (USD)
Cash Flow:
$48,876 (USD)

Here is a great opportunity to buy a turn-key Mexican restaurant that offers uniqueness and charm. El Toro La Cantina Mexican Restaurant located in Clinton, Iowa is an established business for sale that has been thriving in its location for over 26 years. Their revenues continue to increase year after year. The current owner has plans to retire and is looking for a qualified buyer to help continue taking care of their loyal customer base.
This authentic Mexican restaurant offers a welcoming experience for all of their customers. They serve traditional Mexican cuisine and a full-service bar. This is an all- season business.
El Toro has proven to be completely “COVID-proof”. They have not been negatively affected by the pandemic. It is actually the opposite… they have been extremely busy with increased sales. Their dining room is open for business as well as offering take-out orders (including their well-known Margaritas to-go). They have had some very large catering orders through word of mouth. A new owner could market the catering abilities which would certainly increase revenues even more.
Buyer qualifications would include restaurant management and people skills. This opportunity is for someone who has the drive to continue to grow a business and build on the great reputation that has been established.

All furniture, fixtures and equipment as well as inventory will be included in the sale. The owner is willing to help train during a transition period to be agreed upon with the new owner.
Real Estate is included in the asking price for a Fair Market Value of $185,000.
For more information about this opportunity to own El Toro La Cantina Mexican Restaurant, please contact Megan Cox at [email protected] -- ------------

Property Information

Premises Details:

N/A

Size in square feet:
4000 sq ft

Business Operation

Reasons for selling:

Retirement

Trading hours:

Days: Monday-Saturday, Hours: 11:00 am

Employees:
Full Time: 1, Part Time: 5
Years established:
28

Other Information

Furniture / Fixtures value:
$45,000 (USD) - included in the asking price
Inventory / Stock value:
$12,000 (USD) - included in the asking price

Contact Sunbelt of Moline - Quad Cities

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