Will Consider All Offers Now- New Turn Key Franchise

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Asking Price:
$495,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
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Business Description

Will Consider All Offers Now- New Turn Key Franchise-constructed 2016 Fresh Organic Food-beer & Wine

RRC#: 2918
Asking Price: $495,000
Location: Goleta, Santa Barbara County, California
Yearly Revenue: Contact For Info
Yearly Cash Flow: Contact For Info
Monthly Rent: $8406 rent $1700 cams

LISTING DESCRIPTION:
Become a part of an exciting, thriving chain, voted best Mexican since 2010! Serving fresh, organic, quality ingredients plus beer & wine! This turn key restaurant was beautifully constructed in 2017 with the finest materials including: brick, mosaic tiles, stainless steel and carrara marble. Opened in July 2017. Features an attractive dining area and spacious patio plus a state of the art custom kitchen with all new equipment. Catering sales are increasing every month with the surrounding tech industry and university, Great corner location with good visibility within a 760,000 sq ft shopping center on major blvd. Advertising support is provided by the franchise and property manager for the shopping center. An area development agreement is included in the sale. With the opening of one more location, you can hold exclusive rights to the area from Carpinteria to Goleta for this franchise. Franchise fee is 5% plus 1.5% for advertising. Up to 8 weeks of corporate training offered at no charge. Absentee owner. ABC Type 41 Beer and Wine included. This is a great opportunity with abundant potential!

GENERAL INFORMATION:
Organization: Corporation | Year Established: 2017 | Current Owner: 2017 | Employees: 25 | Seating: 60 indoors 24 patio | Square Footage: 1868 | Parking: lot | Licenses Required: City business license, health department, ABC | Days Open/Hours: Mon-Sat 11AM- 9PM- Sun 11AM-2:30PM | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:

LEASE INFORMATION:
Monthly Rent: $8406 rent $1700 cams | Lease Expiration: 2026 | Yearly Adjustment: 3% year 3 | Lease Option: 5 years | Security Deposit: $25000 |

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Listing Info

ID:
1467766
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