Multi-Unit Fast Casual Mexican Food Franchise

Business
  • Listing# : 15572
  • Listed Price : $3,775,000
  • Total Sales : $6,393,411
  • SIC : 5812
  • Down Payment : $377,500
  • Status : Withdrawn
  • Discretionary Earnings : $1,067,115

Business Type :

Restaurants / Fast Food Franchise

Business Description :

Multi-Unit, Fast Casual, Mexican Style Food Restaurant Franchise with Area Development Agreement (ADA) that covers a large multi-county territory including Cleveland, Akron, Canton, Erie PA and Pittsburgh regions. The restaurants serve traditional modern Mexican style foods such as quesadillas, bowls, and burritos with guacamole, salsas, chips, and beverages. Through careful focus on curbside pickup and online ordering infrastructure, the company has managed to grow this year in spite of the pandemic and is poised for considerable growth in 2021! This company owns 7 individual restaurant franchise locations as well as acting in a supervisory role over a number of franchisees within the territory. The fully transferable ADA gives the owners an opportunity to grow their company not only by investing in new stores at a discounted royalty rate, but also by taking a percentage of the royalties of existing and all future franchises within the vast territory. Profitable as is with great potential for growth through market penetration. The operation is very well staffed at all levels, including several supervisors, as well as managers and assistant managers at each location. The owners have a great relationship with the franchisor who has built the franchise organization to over 80 locations most heavily in the state of Ohio with a number of locations throughout several other states. The franchisor is also poised for growth with plans to expand beyond its current footprint meaning that this is an opportunity to get in as a major player on the ground floor of a successful and growing franchise concept.


Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $42,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $1,603,400
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $1,645,400
    • Incl : Yes

Lender Prequalified: Yes

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