Property summary
This established Mexican restaurant in Saint Paul, Minnesota, presents a unique investment opportunity. Boasting 4,000 square feet of space in a vibrant neighborhood, this 1969-built restaurant enjoys high visibility and strong foot traffic. The current owners are retiring and offering comprehensive training and transition support. The restaurant features a fully equipped commercial kitchen, a beautiful hardwood bar, off-street parking, and rustic decor. It includes 24 tables (including 4 high-top bar tables), 160 chairs/seats (including 12 bar seats), and 10 booths. Equipment includes a walk-in cooler, multiple ovens, ranges, fryers, and a POS system. The restaurant currently operates with limited hours, excluding lunch (except Fridays), presenting a significant opportunity to expand service and increase revenue. Recent approval for outdoor dining further enhances growth potential. The annual gross revenue is $600,000, with a monthly lease rate of $8,000. The sale includes all existing equipment, fixtures, and a loyal customer base. This turnkey operation is ideal for experienced restaurateurs or first-time buyers seeking a well-established business in a thriving community. The restaurant employs 11 people. The location is in the 55102 zip code of Ramsey County.
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Property description
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