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Fast Casual Tex - Mex Restaurant Franchise Location 1
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 #7930 and #7931). It is located on a busy street in a South Houston suburb. Almost $400K put into the build-out and opening up of this location 4 years ago and its available for only $50K! Owner absentee for the most partt�?.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. 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! Seller will consider discount for multiple stores purchased. Please refer to CBB Listing #7929MB


Financials

Asking Price Range:  < $250K
Gross Revenues:   $330,520
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $301,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2012
Number of Employees:  6 - 9
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: 700256132


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