Profitable Bullritos in High Income Area

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PRICE REDUCED! Motivated Seller - Asset Sale - Huge Potential!
Asking Price:
$75,000

Gross Revenue:
$550,149
Cash Flow:
$37,712
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$3,000
not included in asking price

FF&E:
$60,000
included in asking price

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Business Description

Recent price reduction! This Bullritos location is in a great area of central Houston with lots of nearby residential homes, along with retail, schools, churches, and businesses to draw potential customers from. Bullritos is a Houston based fast casual franchise with more than 15 locations across Texas and Georgia. Bullritos specializes in freshly prepared build-your-own burritos, tacos and tex-mex plates made with high quality ingredients.

This location has annual sales of $506,900 and seller discretionary earnings of $37,700. The sale includes $60,000 of FF&E, $75,000 of Leasehold Improvements and $3,000 of inventory. The lease expires in September 2020 and has a 5 yr option term. The space is 2,400 square feet and can seat 90 people. There are 8 employees working in the business.

Seller wants to sell this location in order to raise capital for another business opportunity. He is willing to train the buyer for 2 weeks in order to ensure a smooth transition. The franchisor will also provide training. This business is perfect for an owner-operator who is good at marketing and networking in the community. There is also a lot of opportunity for catering in the area and the ability to open for breakfast and/or serve alcohol in order to increase sales.

About the Business

Location:
Harris County, Texas
Year Established:
2009
Number of Employees:
8
Real Estate:
Leased
Building Sq. Ft.:
2,400
Rent:
$11,500.00 Per Month
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About the Sale

Reason For Selling:
other interests
Training/Support:
2 weeks

Listing Info

ID:
1647940
Ad Detail Views:
0

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Business Listed by

Ron Hankamer, Jr.

Transworld Business Advisors

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Sponsoring Broker:

Gerald G. Brisson, CBI, M&AMI, CMAP
Transworld Business Advisors


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