Mexican Restaurant in North County San Diego

A profitable full-service Mexican restaurant in North County San Diego, generating roughly $954,000 in annual revenue with seller’s discretionary earnings near $144,000, a healthy 63 percent gross margin, and a transferable Type 41 beer and wine license. The business is offered at $317,000 for all assets, with a triple-net lease in place. The landlord is open to a new long-term lease, which would make SBA financing possible for a qualified buyer.

An Established Neighborhood Operator

The restaurant runs as a single-location, full-service casual concept with more than twenty years of operating history in the same North County San Diego corridor and a loyal local following. The roughly 2,205-square-foot dining room seats 82 between the interior and a small patio, and runs on a team of about thirteen. Annual revenue has held near $960,000 across the last two reporting years, a stable base for a buyer stepping into an operating business rather than a turnaround. The business carries more than 850 Google reviews at a 4.6 average, a reputation the next owner inherits intact. The current owner runs the business hands-on and draws a full salary, which keeps the earnings clean and straightforward to underwrite.

Healthy Margins and Clean Books

Food cost runs at about 28 percent of revenue and total occupancy cost sits near 6 percent, both healthy benchmarks for a full-service casual restaurant. Gross margin holds at roughly 63 percent, and seller’s discretionary earnings landed near $144,000 in the most recent year, with a two-year average above $150,000. The books carry a single owner salary as the primary add-back, so the path from reported numbers to true owner benefit is short and easy to follow.

A Triple-Net Lease With a Path to Financing

The business occupies its space on a triple-net lease at about $4,750 per month including NNN, which keeps total occupancy near 6 percent of revenue. The landlord is open to negotiating a new long-term lease, and a buyer who secures one makes SBA 7(a) financing possible at this price. Buyers who prefer to move quickly also have the option to step in under the current lease terms. Marketing both paths lets each buyer choose the structure that fits their plans.

Upside for the Next Operator

The restaurant is currently closed Sundays and Mondays, so opening Sunday service alone is an immediate revenue lever a new owner can turn on without adding any infrastructure. Beyond that, the current owner runs the location without a major marketing or delivery push, which leaves several growth levers untouched. Expanding third-party delivery, adding a catering program, and building a stronger local marketing presence are all available without changing the concept or the footprint. A new operator with more time on the floor, or a group with a second-location playbook, has room to lift both revenue and margin from a stable base.

Ideal Buyer Profile

The opportunity fits an owner-operator who wants an established, profitable restaurant with clean books and immediate cash flow, or an experienced group adding a North County location to an existing portfolio. The full-service casual format and healthy margins also suit a first-time buyer who qualifies for SBA financing with a new lease in place. Location, financials, and the full operating picture are available upon request with a signed NDA.