Fast Casual Mexican Franchise-2 Loc. Pair!
Not Disclosed, TX Harris County
North Houston
Seller's Contact Information
- RE: Fast Casual Mexican Franchise-2 Loc. Pair!
- Contact: Bobbi Coffey
Quick Facts
| Asking Price: | $750,000 | |
| Annual Revenue: | $947,690 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 155,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2020 | |
| Employees: | 21 | |
| BBN Listing #: | 477744107 | |
| Broker Reference #: | 76931-274757 |
Business Overview:
Reduced - motivated seller!
It started here in Houston! This two location fajita franchise is a hit among its customers with a strong delivery, take-out, and catering revenue stream. Providing delicious, handmade fajita and non-fajita offerings that appeal to busy families and businesses these two locations have been thoughtfully built out, are turnkey, and ready to operate under a low overhead and low staff environment. Through dedicated business development by management and catering personnel, they have become recognized as a leader in event, church, business and school caterings that now make up a respectable 20% of overall revenue.
Both restaurants are in prime locations with substantial above-average growth occurring in the surrounding areas.. Taking almost 24 months of preparation and build-out time, plus $900k of investment these are ready to operate. Associated with the sale, there is also an expansive exclusive territory that will be transferred to the buyer allowing for additional locations to be added for increased opportunity, plus protection from other franchisees.
While 2022 was a net loss, both locations are preforming cash flow positive and have independent managers for each one. It is an option for a buyer to be an owner operator and save on those costs while bringing the business up to its full potential.
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Property Features and Assets:
Facilities:Retail strip centers is excellent, fast growing locations. Location 1: $4400/mo 1,500 SF. Location 2: $3200/mo 1,200 SF
Market Competition and Expansion:
As well as two operating locations, an exclusive territory will be transferred to the buyer which is additional location opportunity.
Reason for Selling:
divesting
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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