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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 broker.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.