Burrito Loco Franchise - Mentor on the Lake
New Franchise Opportunity for existing location
not included in asking price
included in asking price
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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 15 employees. Priced at $235,000 with franchise fee included.
Also available is our Great Lakes Mall food court location, open 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 in Mentor 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. Price is negotiable with the purchase of 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. The managers could be taught do it all. 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
Contact the Seller
- Year Established:
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- Real Estate:
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- Lease Amount/Mo.:
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Includes all necessary equipment and smallwares to operate. MoL also includes seating.
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.
About the Sale
- Reason For Selling:
To focus on franchise growth and the opening of the third location.
Franchisor will provide two weeks of training.
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