Local Favorite Mexican Restaurant Est. 1986 | Tucson NW

This business is a freestanding building with ample parking on a busy road. Located on the northwest side of Tucson. Seller owns this 4,000 sq. ft. building (22,500 sq ft of total land area) which can be sold separately. This is an established (35+ years) full service Mexican restaurant with a Series 12 liquor license. The restaurant is located in a free-standing building (not a strip mall). This is a turnkey business. If purchasing business and building together, total price is $835,000. Location information released upon received NDA. This is an excellent opportunity for a hand-on restaurateur to expand and capture a new geographical area; someone with restaurant / hospitality industry experience who wants to be his/her own boss; or an entrepreneurial-minded individual who wants to enter the restaurant industry for the first time. This restaurant is being marketed with the utmost confidentiality and a signed non-disclosure agreement (NDA) is required in order to discuss additional details as there are tenured employees who have been part of the team for a long time. Established in 1986 and located next to one of Tucson's busiest roads in a freestanding building (not a strip mall) with ample parking (35 parking spaces). There is an agreement in place with the property next door that provides additional overflow parking spaces. Located on one of Tucson's busiest roads and close to the ever-expanding large residential active adult communities of the northwest. The restaurant was featured in the renowned Tucson's Best Restaurants book and was the recipient of the best chile relleno award. Even though the restaurant has been operating since 1986, the current owner is retiring after almost 25 years. There is tremendous potential to generate new revenue. The restaurant is currently closed on Mondays and opens for lunch and dinner. A new operator could expand business hours to seven days a week, offer breakfast, catering, and explore additional sources of revenue (i.e., DoorDash, Grubhub, Uber Eats, etc.) to generate additional sales which the current owner has not done. The business is priced at $285,000 cash or $325,000 with seller financing for a qualified buyer with a sensible down payment. If business and real estate are purchased together as a package, it will give a potential buyer stronger consideration with the SBA. The market value of the real estate in the amount of $550,000 is based on a professional appraisal conducted in March 2022. Real estate can be purchased at a later time at a newly appraised value and the owner will offer a long term lease. Serious inquiries only, please. Location: Tucson, Arizona Year Established: 1986 Number of Employees: 10 Real Estate: Owned Building Sq. Ft.: 4,000 Facilities: There is 4,000 sq ft of building space. 22,500 sq ft of total land area. Total seating capacity is from 200-210. Two interior dining rooms with a seating capacity of 133; Dining room #1 seats 58; Dining room #2 seats 63; bar seats 12. In addition, this is the only restaurant in the area with an outdoor patio (2,156 ft of which 968 sq ft are covered) which is so coveted in Tucson. The patio seats 76. There is also a detached storage building located at the rear of the site (420 sq ft). Real estate market value of $550,000 is based on a recent appraisal. Market Outlook/ Competition: The NW Tucson market continues to grow; especially the increasing active retiree population with high disposable income. Most of the loyal clientele is composed of active retirees with nearby retirement communities in the thousands. There are only a few restaurants in the area but being that this restaurant has been in place for more than 35 years, it is known all over Tucson. Since it is located in an unincorporated area of Pima County, it enjoys a lower sales tax rate than other restaurants located in Tucson. Growth & Expansion: A new owner will find there is vast opportunity to increase sales by opening 7 days a week (currently closed on Mondays). Currently, the restaurant is open for lunch and dinner but there is high demand for breakfast. There is unlimited potential for catering which the current owner has not done for a while. Although there are two dining rooms and a full bar, this restaurant is the only establishment in the area with a large patio which is a very coveted amenity for any restaurant these days. A new hands-on owner/manager can tap into incredible potential.