Asking Price: $35,000

Gross Revenue Comments: New Start up - projections available

Seller Financing: Very possible SBA financing for qualified individual

This is a an outstanding opportunity for someone who is interested in a franchised fast casual Mexican Restaurant without the hassle of finding a retail space. The owner has the architectural drawings done, permits in place and $26,000 of partial kitchen equipment in the warehouse ready to go. ALL THIS FOR $35,000. The franchise fee alone would be $25,000 plus all the above expenses that I mentioned.
The projected cost for this project is approximamtely $350,000 to $400,000 that should include about 6 months operating expenses. The shopping center is open and doing business. Two of the anchor stores are Target and Safeway. This is a very nice upscale shopping center. The owner currently has one of these franchises in another county and is very willing to assist the new owner during the transition period.

Franchise: Yes

Facilities: New 2400 square foot retail spot in new shopping center. Lease in place. 10 year lease with 2 five ear options. No rent increase until 2013. Base rent $6170+CAM, ins and tax.

Market Outlook and Competition: No competition in the immediate area. Retail space located in an upscale shoping center with anchors like Safeway and Target. New construction shopping centers, office building, and housing is happening right now--this is the new and upcoming area in Charles County, very much like Waldorf was 10 years ago.

Management Training and Support: Current owner to assist new owner for a smooth transition.

Reason For Selling: Unable to obtain financing for 2nd location.