Owner Financing is Available
Business for Sale Overview:
Absentee Owner needs immediate sale of this outstanding Taco del Mar location. Located close to the University of Washington this business is poised to explode with the right owner. High traffic volume and excellent visibility make this location ideal. The business opened in 2004 and has a steady and loyal client base. The current owner is absentee and the operation of the business reflects this, although, the gross sales volume is very high. 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 demographics of this area make this a prime location for this business, 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 to the left. We look forward to hearing from you.
Property Features and Assets:
This business has an outstanding location close the University of Washington with a high volume traffic flow. The business opened in 2004 and has a loyal and steady client base. The facility is 1222 sq feet and seats about 35 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 7/31/2014 and has an additional two 5 year options to extend the term. The total rent is $3,900 per month
Market Competition and Expansion:
There are other fast food operations in the area, however, this location is very well situated close to the University of Washington 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 is very high. 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. This store could potentially stay open 24 hours and increase the business substantially. 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.