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Fast Casual Tex-Mex Restaurant Franchise Location 2
Location: United States -> Texas -> Houston
Industry: Franchises > Food and Beverages




Business Summary

This is one of three fast casual, Tex-Mex restaurants being sold by this owner (also see Listings #7929 and #7931). It is located in a superb space right across the street from a large corporate office and in the middle of high lunch traffic. Owner absentee for the most part….owner oversees the 3 locations, but doesn't work in the restaurants. Owner has accepted position in Aerospace industry and is moving to Colorado and needs to sell. General Mgr and Assistant Mgr on staff currently. With 21 franchises throughout Texas and Georgia, customers love this restaurant for their ability to make their burritos/tacos the way they want. They choose their favorite type of tortilla, then load it up with their choice of meat, beans, rice, cheeses, salsa and more! Royalties are 2% plus advertising royalty of 2%. Transfer fee is $17,500. With a working owner at this location, sales should increase! Owner will consider discount for multiple stores purchased. Please refer to CBB Listing #7930MB


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $829,599
Cash Flow:   $120,712
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $365,500
Seller Financing:  Not Disclosed

About The Business

Year Established:  2011
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  Yes
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller will train
Reason For Selling:  Seller took job in aerospace industry and moving to CO.




Print Listing Id: 700256133
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Related Searches: Food and Beverages  >  Retail  >  Service  >  Other Franchises  > 

Also See: Franchise Opportunities > Franchise Resales > Texas Businesses For Sale > Texas Franchises For Sale > Texas Business Brokers



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