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Concept & IP Fast Casual Mexica Northeast US
Location: United States -> Massachusetts
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

We have strong AUVs of $1.3M in a competitive market.
We have survived & thrived through multiple recessions and competitors.
A loyal team that believes in the company and what it stands for. A strong, unique culture rarely seen in the restaurant business.
Average tenure of team members is 4 years, of GMs is 12 years.
History of strong unit economics, many stores cash flowing over 20%.
One of the very few Certified B Corporations in the country. Walking the walk.
More relevant marketing, including digital, is huge opportunity.
No-brainer improvements for an experienced operator to gain margin points and significant profit on tighter food cost controls, shopping better vendor contracts.
There is an opportunity to lower base wages but instead introduce performance based bonus programs to help people reach their current raises and beyond.
A more present owner or partner could make a huge impact.


Financials

Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $9,000,000
Cash Flow:   $1,300,000
Cash Flow Type:  EBITDA
Seller Financing:  No

About The Business

Year Established:  1996
Number of Employees:  > 200
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Owner will stay on to train after the sale. Management team has been with company for 15+ years and will stay on.
Reason For Selling:  Changing focus to a different market




Print Listing Id: 700348484
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

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



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