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Vegetarian Vegan Restaurant, Trendy Hotspot In Mexico City For Sale

Napoles, WTC area, Distrito Federal, Mexico
Asking Price:
$50,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K (USD)
Cash Flow:
$50K - $100K (USD)

In 2017, 3 individuals with different approaches to vegetarianism got together and turned a small cafe in the popular Roma district in Mexico City, into a fast-casual bistró built on a scalable, modular business model to be used as a franchise. The intention was to popularize vegetarian food, presenting it as "real" food, approachable, convenient, sophisticated yet accessible. The slogan, “for those who want to give something back to the world” captured our ideals, connecting with those who care for the planet. Social media allowed us to show that vegetarian, vegan, and gluten-free food could be tempting for everyone. The business model allows for easy deployment on new, limited space locations with light infrastructure.

Over 6 months in 2018 a recipe book with over 100 dishes gathered from around the world was developed, and Aló quickly enjoyed success for a few months once it opened in October 2019. A few months later when the pandemic struck, the business moved to a fully online model operating from a dark kitchen, quickly adapting dishes to make them ideal for food delivery, but the business did not flourish until a new location was opened at a popular restaurant hotspot in Napoles, a trendy area near the WTC, once the lockdown eased.

In all, the menu consists of several categories of fast food: Burgers, tacos, burritos, pasta, soups and bowls, to go with a collection of 11 different side dishes. There is a long list of vegan and gluten-free desserts and pastries. Every weekend brings a large crowd for breakfast and specials, and a separate menu is available for this including vegan paella, cochinita, lasagna, and pozole.

As part of Mexico City's program to face the pandemic, the restaurant has a 32m outdoor sitting area with 5 picnic tables (with space for more) and a warmly lit canopy, plus other 2 tables in the outside area; the inside dining area is 32m with a coffee bar and counter, a long wooden bench, 5 hardwood tables, and a small lounge area. The kitchen in the back is an irregular 5 x2m triangular room plus a 6 x4 triangular patio. Some new equipment might, of course, be desirable.

The lease still has one year to go, but the owner is flexible if a new location were desired for relocation, although the store is a grab by itself, given its key location and ambiance. The rent is reasonable.

Currently, the restaurant is working with a reduced crew while we are restructuring the business, optimizing procedures and recipes. It is waiting for someone to bring new energy and momentum to this beautiful project. Every consultant or restauranteur who's gotten to know the project has called it a gold mine at some point. It might be for you.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

Lease to be renewed October 2022, landlord is flexible

Leasehold Rent:

$18,000 (USD) per annum

Location:

Restaurant corridor in a trendy neighborhood in Mexico City near the World Trade Center area.

Premises Details:

Main salon 4 by 8m
Front 4m
Outside area 4x8m
Restroom wish a separated washing area
Kitchen: closed 5 by 2 triangular area plus a 6x 4 triangular patio.

Size in square feet:
325
Planning Consent:

All permits in order. No license for liquour

Business Operation

Expansion Potential:

The business was designed to be scalable with ease into new, smaller locations with light infrastructure.

Competition / Market:

Many regular, popular restaurants in the area, but none sharing same differentiators.
In part by design, the restaurant has no local competition (there is a much smaller vegan restaurant down the street) but most of the real competition is on delivery services as vegetarian options are a strong trend in the city

Reasons for selling:

Personal and health issues - can discuss.

Trading hours:

Monday - Saturday from 9 to 22hrs,
Sunday from 9 to 19hrs.

Employees:
5, currently hiring 2 more
Years established:
3

Other Information

Support & training:

Current staff and owners will be dedicated to the transition for one month. Current staff may be retained.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Financing is an option as long as all paperwork is in order and the buyer has demonstrable experience turning around food businesses, preferably with experience with fast food business models.

Furniture / Fixtures value:
$4,000 (USD) - included in the asking price
Relocatable:
This business can be relocated.
Distressed:
This business is a turnaround opportunity.

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