New Capitol Hill Tacqueria

Seattle, WA (King County)

New Capitol Hill Tacqueria

Asking Price:$149,950

Cash Flow:N/A

Gross Revenue:$298,896

EBITDA:N/A

FF&E:$75,000

Inventory:$3,000*

Established:2015

*not included in asking price.

New Capitol Hill Tacqueria

Get Financing Save Print Share Valuation Report

Business Description

The absentee Owner needs an immediate sale of this outstanding Taqueria location. He currently is involved in too many other businesses. Located close to Seattle University and Capitol Hill this business is poised to explode with the right owner. High traffic volume and excellent visibility make this location ideal. The business opened in 2015. The current owner is not involved with the day to day operation of the business and the gross sales volume reflects this. What is really needed in an onsite 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 area around this business is exploding with growth, both residential and commercially, and this will be a goldmine for an astute owner operator. Top of the line training is provided by the Franchiser for 2 weeks and in store training for one week after closing. The Franchise fee is 8% - Ad Fund Fee is 4.5% and the Transfer fee is $7,500.$25K Price Drop - very motivated Seller

Detailed Information

Inventory:
Not included in asking price
Employees:
1 FT / 4 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business has an outstanding location close to Seattle University and Capitol Hill with a high volume traffic flow. The business opened in 2015. The facility is warm and inviting, yet modern and exciting. It has about 1320 square feet that will seat 33. It has all the amenities to make this a top producing location. There is a lease in place that runs till 2/9/2025 and has an additional two 5 year options to extend the term. The monthly rent is $2585 per month plus NNN charges of $739 per month.
Competition:
There are other fast food operations in the area, however, this location is very well situated close to Seattle University and Capitol Hill and has great visibility and has name recognition and excellent product identification. It is fast becoming the go to place for those in the know.
Growth & Expansion:
The current owner is not involved with the day to day operation of the business and the gross sales volume reflects this. What is really needed is an onsite 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. The demographics of this area make this a prime site for a Superstore Taco del mar.
Financing:
Cash, Bank financing,
Support & Training:
Top of the line training provided for 2 weeks with the Franchisor and in store training for one week after closing. The Franchise fee is 8% - Ad Fund Fee is 4.5% and the Transfer fee is $7,500.
Reason for Selling:
The Owner is Absentee and cannot manage the day to day operation of the business
Franchise:
This business is an established franchise

Listing Statistics for Premium Members

Ad#:1257804 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Kirk L. Edwards, CBB, CBIS

Business Listed By:
Kirk L. Edwards, CBB, CBIS

KR Business Brokers

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


Pancheros Mexican Grill

Franchise Opportunity
Capital Required: $404,325