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High Volume Taco del Mar
| Asking Price: | $170,000 | Inventory: | $2,500 ** |
| Gross Revenue: | $400,636 | Real Estate: | n/a |
| Cash Flow: | $85,637 | FF&E: | $60,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Absentee Owner needs immediate sale of this outstanding Taco del Mar location. Located close to the University of Washington this business is poised to explode with the right owner. High traffic volume and excellent visibility make this location ideal. The business opened in 2004 and has a steady and loyal client base. The current owner is absentee and the operation of the business reflects this, although, the gross sales volume is very high. What is really needed in an on site owner operator who will manage the business on a day by day basis and provide the personal touch that only an owner can show. There has been almost no promotion or marketing of this business since it opened and that would greatly increase the traffic and the volume of the business. There is currently no delivery service or catering service in operation and the addition of these two services would greatly increase the profits. Due to the type of community this business is in it would also help to have an owner that is involved in the community and local activities of the area. The demographics of this area make this a prime location for this business, and this will be a goldmine for an astute owner operator. Top of the line training provided locally for 2 weeks with the Franchisor and in store training for one week after closing. 6% Royalty and a 2% ad fund fee. The transfer fee is $5,000
About the Business
Year Established:2004
Employees:3 full time - 2 part time
Franchise:Yes
Facilities:This business has an outstanding location close the University of Washington with a high volume traffic flow. The business opened in 2004and has a loyal and steady client base. The facility is 1222 sq feet and seats about 35 and has all the amenities to make this a top producing Taco del Mar location. There is a long term lease in place that runs till 7/31/2014 and has an additional two 5 year options to extend the term. The total rent is $3,900 per month
Market Outlook and Competition:There are other fast food operations in the area, however, this location is very well situated close to the University of Washington and has great visibility and well known and liked product identification. The current owner is absentee and the operation of the business reflects this, although, the gross sales volume is very high. What is really needed in an on site owner operator who will provide the personal touch that only an owner can show. There has been almost no promotion or marketing of this business since it opened. There is currently no delivery service or catering service in operation and the addition of these two services would greatly increase the profits of this business. This store could potentially stay open 24 hours and increase the business substantially. The demographics of this area make this a prime site for a Superstore Taco del Mar.
About the Sale
Management Training and Support:The Franchiser, Taco del Mar, provides 2 weeks of in- depth training locally in the Puget Sound region and the Seller will provide one week of in store training after that.
Reason For Selling:The Owner is Absentee and cannot manage the day to day operation of the business
Seller Financing:Cash or Bank Financing or Possible Seller terms
Attached Files - Attachment Disclaimer
KEYWORDS: food, fast food, restaurant, restaurants, franchise, food franchise, restaurant franchise, sandwiches shop, taco shop, tacos, Mexican food, Mexican restaurant, Mexican fast food, Taco del Mar
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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