Successful, profitable, fast growing restaurant in top location in a tropical paradise with low cost of living and great quality of life. Who says you can't have it all?
Upscale restaurant - Asian fusion, sea-food and martini/oyster bar, seating 80 - in trendy Cabo San Lucas, Mexico, in one of the best (if not the best) location in town, right on the Marina, in the bustling heart of town. The concept is very successful with lots of repeat customers, both locals and tourists. Restaurant was established from scratch 4.5 years ago and is past the growing pains. Projected 2005 sales are $1.2M with cash-flow well over $350k, and growing rapidly (47% YTD growth, 66% 2003 to 2004 growth). Cost of goods below 30%, low labor cost, very favorable lease (indexed to US inflation), good growth potential without much added operational expenses. Asking price is $790K. Will train for up to 3 months. Possibility to purchase 2,200 sq ft house w/ maid quarters on 20,000 sq ft lot w/pool and great ocean view (asking price $490K), or will help purchasing property if needed.
An entrepeneur at heart, I like start-ups and just started 2 new ventures in Hong Kong that will require most of my time. Contact for more information on this Restaurant business for sale.