Advert Ref: 5154

Vibrant, Compact Restaurant In Downtown Fairfax For Sale

  • Fairfax, California - North
Asking price:
$299,000
Sales revenue:
$1m - $5m
Net profit:
Undisclosed

Photograph of this business for sale

Rare opportunity to purchase a compact and efficient restaurant with amazing curb appeal in downtown Fairfax. This fast-casual restaurant serves California-inspired Mexican street food and enjoyed strong sales trending upward prior to the pandemic. Gross sales in 2019 were over $1M with an SDE of $179K and occupancy costs at 7%. There is a large and beautiful patio with custom canvas panels for year-round outdoor service. The next operator could continue with the current concept or execute on a new one. Restaurant premise is in great condition and should move through the health department change of ownership smoothly.

Additional details:

-The restaurant is 950 square feet (approx.) with inside seating for 25 (approx.) and a 490 square foot patio seating for 25

-Current rent is $4,859 + $1,890 NNN. Current term expires May 2026 with one 5-year option.

-Restaurant equipment includes 6’ X 4’ Type 1 hood; 3'-6" X 3'-6" (approx.) Type-2 hood; gas vertical broiler; 2-burner cast iron Comal; a 6-burner Vulcan range; multiple refrigerators; Continental low-boy freezer; Ice-o-matic ice machine; Continental lowboy prep refrigerator; corn mill; Robot Coupe; triple sink; prep sink with return, back splash and undershelf; hand sink; mop sink; in-ground grease trap and more

-Founded in 2016, the restaurant is open 5 days a week Wednesday-Thursday from 5:00 pm-9:00pm; Friday-Saturday 11:30am-3:00pm & 5:00-9:00pm and Sunday 11:30am-3:00pm & 5:00-8:00pm. Closed Monday and Tuesday.

- Owner works full-time, owner’s spouse work part-time (on payroll) and there are 6 full-time and 9 part-time employees.

-Inventory is valued at $7,000 (approx.) and is not included in the purchase price

-Premise is licensed with a Type-41 Beer & Wine license

Price includes: Furniture, fixtures and equipment, covenant not to compete training period, DBA, recipes, menu, training/consulting, leasehold interest, leasehold improvements, and goodwill.

Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial and/or legal advisers with regard to this information

Property:
Leasehold
Size in square feet:
950

Trading hours:
5 days a week: Wednesday-Thursday 5:00 pm-9:00pm Friday-Saturday 11:30am-3:00pm & 5:00-9:00pm Sunday 11:30am-3:00pm & 5:00-8:00pm Closed Monday and Tuesday
Employees:
15
Years established:
2016

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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