Burrito Loco Franchise - Mentor on the Lake

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New Franchise Opportunity for existing location
Asking Price:
$199,000

Gross Revenue:
$562,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$7,500
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 location and also new territories. The Great Lakes Mall location may be available in the future.

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 was $562,000 last year. Growth opportunities exist by increasing catering sales and online ordering by advertising availability of both and also adding delivery. There are 15 employees. Priced at $199,000.

Our Mall location may be available for sale at a later date. It has nice start up sales as it is approaching the one year mark in October.

The owners believe the two restaurants complement each other and would prefer to sell both locations to the same buyer after the buyer of the MOL location is comfortable enough running the first location. Each location runs independent of each other but having both locations creates synergy for increased efficiency. The purchase of the Mall location is not mandatory, but available on a first right of refusal to the MOL buyer for one year after the purchase of MOL.

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. The managers could easily be taught do it all, we have just preferred to do these ourselves.

These locations are being offered so that the franchisors can focus on their growth plans for the brand and their third operation already in progress. Please email us with questions and please 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:
15
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,450
Lease Rate/Sq. Ft./Mo.:
$1.25
Lease Expiration:
1/1/2023
Facilities:
Includes all necessary equipment and smallwares to operate. MOL includes seating.
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 complete training.

Listing Info

ID:
1391338
Ad Detail Views:
809

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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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