Absentee Owned Taco / Mexican Franchise Location - SC2181

Financial Information
Asking Price: $195,000
Cash Flow: On request
Gross Revenue: $415,000
Down Payment: $48,750
Financing: Yes

This Northern California based Taco / Mexican Food Franchise is a Sub-Chapter S corporation and has been in operation for the past 7 years under current ownership. This is an absentee owned business. Specializing in amazing tacos and burritos, there are several other Mexican, Tex-Mex and Southwest treats on ever expanding menu. Part of a multi-location franchise network that is over 50 years old, this franchise has the infrastructure to support the franchisees. Known for their commitment to using fresh, quality ingredients that never waivers, their reviews and rankings against other franchise brands are unparalleled.

Business Location
City: Sacramento
State: California

Financing Comments
The Seller is willing to carry a promissory note for up to 75% of the purchase price over a 7-year period at an amazingly low 3% interest. The amount financed will depend on the offered purchase price and the quality of the Buyer.

Reason for Sale
The reason for selling is the Seller would like to pursue other interests.

Detailed information
Year Established: 2017
Home Based: No
Franchise: Yes
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 2
Part-Time Employees: 4
Contractors: N/A
Owner Worked Hours/w: N/A
Adjusted EBITDA: On request
Inventory Included: Yes
Inventory Value: $3,000
Monthly Rent: $6,715
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 2100
FF&E Included?: Yes
FF&E Value: $50,000

Training/Support
The Seller is willing to provide training for 2 weeks at 20 hours per week. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.

Facilities
They operate out of a 2,100 square foot space with base rent at $5,445 per month with CAM charges of $1,270 per month and 10 years left on the lease. The lease is transferable.

Market Outlook/Competition
Tacos are one of the most popular food items in the world. They have mass appeal with diverse groups of people and are a great choice when you need to feed a crowd. According to IBISWorld, the market size of the Mexican Restaurant Industry in the United States is expected to have an annual revenue of $80.3B in 2023. When you own a taco franchise, you’re tapping into a market with built-in demand that has potential to grow due to its popularity across the world.

CA 02100708
NV 1003039

Listed By: Jane Roberto

Background information

Reference:

SC2181

Year established:

2017

Reason selling:

The reason for selling is the Seller would like to pursue other interests.

Finance

Sales:

$415,000

Operations

Employees:

Full-Time Employees: 2 Part-Time Employees: 4 Contractors: N/A

Equipment:

FF&E Included?: Yes FF&E Value: $50,000

Inventory:

Inventory Included: Yes Inventory Value: $3,000

Furniture fixtures and equipment:

FF&E Included?: Yes FF&E Value: $50,000

Premises

Facility:

They operate out of a 2,100 square foot space with base rent at $5,445 per month with CAM charges of $1,270 per month and 10 years left on the lease. The lease is transferable.

Square footage:

2100

Rent and lease terms:

Monthly Rent: $6,715

Location:

City: Sacramento State: California

Opportunities

Growth:

According to IBISWorld, the market size of the Mexican Restaurant Industry in the United States is expected to have an annual revenue of $80.3B in 2023. When you own a taco franchise, you’re tapping into a market with built-in demand that has potential to grow due to its popularity across the world.

Market:

Tacos are one of the most popular food items in the world. They have mass appeal with diverse groups of people and are a great choice when you need to feed a crowd. According to IBISWorld, the market size of the Mexican Restaurant Industry in the United States is expected to have an annual revenue of $80.3B in 2023. When you own a taco franchise, you’re tapping into a market with built-in demand that has potential to grow due to its popularity across the world.

Price and terms

Price:

$195,000

Down payment:

$48,750

Financing:

The Seller is willing to carry a promissory note for up to 75% of the purchase price over a 7-year period at an amazingly low 3% interest. The amount financed will depend on the offered purchase price and the quality of the Buyer.

Training:

The Seller is willing to provide training for 2 weeks at 20 hours per week. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.