A pre-made, alcohol-containing Margarita cocktail mix having improved taste, quality and consistency includes a combination of concentrated limeade, concentrated lemonade, tequila, triple sec and a brandy-based orange flavored liqueur. The limeade and lemonade are preferably derived from frozen concentrates, combined in equal proportions. An additional orange flavored liqueur is also preferably used, in combination with the triple sec and the brandy-based orange flavored liqueur.