Burrito Loco Franchise Opportunity - Mentor and Mentor on The Lake

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New Franchise Opportunity for both existing locations
Asking Price:
$349,000

Gross Revenue:
$952,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$10,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Highly rated quick serve Mexican restaurant, Burrito Loco, is now expanding. Franchise opportunities are available for the existing Mentor on the Lake and Great Lakes Mall locations and also new territories.

The Mentor on the Lake store opened 5 1/2 years ago and sales continue to rise. This is a great store that has no competition in the category in Mentor on the Lake. It is located in a large and busy strip mall. Rent is currently $1799 a month. Annual Gross Revenue is $562,000. Growth opportunities exist by increasing catering sales and online ordering by advertising availability of both and also adding delivery. There are 16 employees. Priced at $249,000 with franchise fee included.

The Great Lakes Mall food court location has been opened since October 2017. This has a very attractive lease and strong start up sales. Franchisor will give the franchisee an option to sign with the mall or open outside of the mall within a designated territory when the lease expires. Growth opportunities exist with online ordering, in mall delivery, outside mall delivery, catering, etc... Rent is currently $2500 a month (trash included) and then goes to a percentage after year one. Annual Gross Revenue is projected to be $380,000 - $400,000 based on 8 months of previous sales figures. There are 13 employees. Priced at $100,000 with franchise fee included and if purchased with the Mentor on the Lake location.

The owners believe the two restaurants complement each other and would prefer to sell both locations to the same buyer, but may sell separately. Each location runs independent of each other but having both locations creates synergy for increased efficiency.

Both locations are owned by the Franchisor and shift managers are in place that run the day to day operation except placing the orders, scheduling and book keeping. They are being offered so that the franchisor can focus on their growth plans for the brand and their third operation already in progress. Please email us with questions and be discreet when visiting the locations. Thank you.

With ratings of 4.9 of Facebook and 4.7 on Google, we lead the category in our market.

About the Business

Year Established:
2013
Number of Employees:
29
Franchise:
Yes
Real Estate:
Leased
Facilities:
Includes all necessary equipment and smallwares to operate. MOL includes seating also.
Website:
letusrollyouone.com
Market Outlook/
Competition:
The Mentor on the Lake location does not have any competition in this category. The Great Lakes Mall food court location does not have any category competition inside the mall.
Growth & Expansion:
Proven strategies, processes, and strong recipes will provide growth through franchise sales.
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About the Sale

Reason For Selling:
To focus on franchise growth and the opening of the third location.
Training/Support:
Franchisor will provide two weeks of training.

Listing Info

ID:
1391338
Ad Detail Views:
117

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Business Listed by
Trish or Jeff Spring
U.S. Census Data for Lake County, OH
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Lake County, OH
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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