Viva Zapata Mexican Cantina

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Business Description

Burrito, beer and the beach… Does it get any better than this??? Tacos, enchiladas and nachos with sensational views and maybe a beer or two!

This authentic Mexican restaurant holds one of Adelaide’s prime locations. Situated at the end of the main street in Semaphore, the views extend out across the gulf and can be enjoyed all year round. The restaurant presents in a bohemian beachside homestead and captures the very essences of Mexico. Offering great food, a warm and friendly environment, it caters for an intimate dinner and a large group of people. Viva has been trading in this location since August 2013 and is currently turning over in excess of $20,000 per week. It trades 7 days a week for dinner and lunch on Friday to Sunday.

Viva of Semaphore provides you with year-round comfort, offering the buzz of the beach during summer with margaritas and burritos on the deck, or when winter arrives, you can watch the storms rolling in with a warm tequila shot.

At a Glance

  • Sensational views all year round
  • Currently trading 7 days per week – opening at late afternoon during the week and lunch and dinner Friday to Sunday.
  • Licenced for 180 including an outdoor entertaining area
  • Currently turning over in excess of $20,000 per week
  • Current owners run the business at arms' length due to other commitments

Melanie Winter 0408 085 932

 


Extended Price Information

Goodwill $68,557
Plant & Equipment $116,443
Stock at valuation (approx) $8,000
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$193,000


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Staff Summary

Two full time, one part time and eight casual staff with one vendor.

Lease Summary

Current Rent $6,576.89 per month including GST
Lease Commencement 3 years
Lease Commencement 18 December 2015
Lease Expiration 17 December 2018
Right of Renewal 2 x 3 years
Outgoings Paid by tenant
Adjustments 2.5% annually, with a 10% increase in 2018

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Plant & Equipment

Written Down Value of Plant (approx.) $116,443
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