Owner Financing is Available!
Business Overview:
This franchise fast food restaurant is located near the Niles, Skokie & Morton Grove areas of Northern Illinois. This is a franchise fast food restaurant that serves fresh Mexican style cuisine. Everything is made from scratch. They have no microwaves or freezers on premise. According to the Illinois Department of Transportation, over 43,800 cars drive past this business each day. One of the features that makes this such a great franchise to own are the low franchise fees. Many franchises charge you up to 10% in franchise fees and advertising fees. This business s franchise fees are only 5% of gross sales and the advertising fees are only 1% of gross sales. This is really a great opportunity for a buyer. For starters, it costs $750,000 or more to build and open a new location. This doesn't include all the time and headaches involved in building and opening a new restaurant. This store can be yours, without all the headaches and time wasted, for only $154,000! Another reason this is a fantastic opportunity is that the current owners are running this business absentee. An owner/operator will lower expenses, especially the payroll expenses, just by being there on a regular basis. There are other areas or opportunity for a new owner such as offering deliveries, eliminating waste and theft, expanding the hours of operation, and establishing a local website to offer online ordering for customers. *Note: The current owner states that the cost to build and open a new store is $750,000 or more on average. A copy of the menu and pictures of the restaurant can be emailed to you upon request.
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:
The lease expires in January of 2023. The Base Rent is $7,459.92/month. The maintenance fees are $449/month. The RE taxes are $2,049/month. The space is approximately 2,808 square feet.
Market Competition and Expansion:
Minimal competition as this is a unique place.
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.