Fast Casual Tex-Mex Restaurant Franchise Sout of Houston - Location

Houston, TX (Harris County)

Fast Casual Tex-Mex Restaurant Franchise Sout of Houston - Location

Asking Price:$299,000

Cash Flow:$72,740

Gross Revenue:$595,659

EBITDA:N/A

FF&E:$325,800

Inventory:$6,000

Established:2010

Fast Casual Tex-Mex Restaurant Franchise Sout of Houston - Location

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Business Description

This is one of two fast casual, Tex-Mex restaurants being sold by this owner (also see Listings #7930.) It is located in a popular suburb on the south side of Houston. Owner is absentee for the most part….owner oversees the 2 locations, but doesn’t work in the restaurants. Owner has accepted position in Aerospace industry and is moving to Colorado and needs to sell. General Mgr and Assistant Mgr on staff currently. With 21 franchises throughout Texas and Georgia, customers love this restaurant for their ability to make their burritos/tacos the way they want. They choose their favorite type of tortilla, then load it up with their choice of meat, beans, rice, cheeses, salsa and more! Royalties are 2% plus advertising royalty of 2%. Transfer fee is $17,500. With a working owner at this location, sales should increase! Owner will consider discount for both stores purchased. Please refer to CBB Listing #7931MB

Detailed Information

Inventory:
Included in asking price
Employees:
2ft; 7py
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2400sf facility in shopping center
Growth & Expansion:
Catering; corporate deliveries; community outreach / marketing
Support & Training:
Seller will train
Reason for Selling:
Owner took job in aerospace industry and moving to CO.
Franchise:
This business is an established franchise

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Frank & Rose Stabler

Business Listed By:
Frank & Rose Stabler

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers.

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