Business for Sale Overview:
Absentee Owner needs immediate sale of this outstanding Taco del Mar location. Located close to Fisher Plaza and the Space Needle this business is poised to explode with the right owner. High traffic volume and excellent visibility make this location ideal. The business just opened in July of 2007 and all the equipment and fixtures are like new. The current owner is absentee and the operation of the business reflects this, although, the gross sales volume increased 7% from 2007 to 2008. What is really needed in an on site owner operator who will manage the business on a day by day basis and provide the personal touch that only an owner can show. There has been almost no promotion or marketing of this business since it opened and that would greatly increase the traffic and the volume of the business. There is currently no delivery service or catering service in operation and the addition of these two services would greatly increase the profits. Due to the type of community this business is in it would also help to have an owner that is involved in the community and local activities of the area. The area around this business is exploding with growth, both residential and commercial, and this will be a goldmine for an astute owner operator. Top of the line training provided locally for 2 weeks with the Franchisor and in store training for one week after closing. 6% Royalty and a 2% ad fund fee. The transfer fee is $5,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
This business has an outstanding location close to Fisher Plaza and the Space Needle with a high volume traffic flow. The business opened in July of 2007 and everything is in like new condition. The facility is 1,421 sq ft., seats about 28, and has all the amenities to make this a top producing Taco del Mar location. There is a long term lease in place that runs till 5/31/2016 and has an additional two 5 year options to extend the term. The base rent is $2,300 per month plus NNN charges of $390 per month.
Market Competition and Expansion:
There are other fast food operations in the area, however, this location is very well situated close to Fisher Plaza and the Space Needle and has great visibility and well known and liked product identification.The current owner is absentee and the operation of the business reflects this, although, the gross sales volume increased 7% from 2007 to 2008. What is really needed in an on site owner operator who will provide the personal touch that only an owner can show. There has been almost no promotion or marketing of this business since it opened. There is currently no delivery service or catering service in operation and the addition of these two services would greatly increase the profits of this business. The demographics of this area make this a prime site for a Superstore Taco del mar.
Reason for Selling:
The Owner is Absentee
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.