Taco del Mar– High Profit - Absentee Owner Must Sell

Ballard, WA (King County)

Taco del Mar– High Profit - Absentee Owner Must Sell

Asking Price:$399,000

Cash Flow:$127,862

Gross Revenue:$549,410

EBITDA:$127,862

FF&E:$50,000

Inventory:$6,500*

Established:2000

*not included in asking price.

Taco del Mar– High Profit - Absentee Owner Must Sell

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Business Description

This Taqueria has an outstanding location in one of the most sought after areas of Seattle – Ballard. It has been established for over 16 years and has a solid base of customers for the new owner to build upon. This is a high volume – high profit location – with a huge upside to grow even more. The business occupies about 1,100 square feet and has seating for 18 inside and 25 outside. The current owner has other business interests and has not taken the time to do any promotion or get involved in the local community. With an outstanding name and concept like this and some hands on management and personal service by the new owner this business is ready to explode. The new owner can add beer to the menu – this will dramatically increase the revenues. There is a huge 40 unit “micro unit apartment” being built right behind this location – this is instant business for the new owner. This facility is totally upgraded and was just remodeled at a cost of $90,000 to the Seller. This is the only locally owned franchise that is “grandfathered in” under the old royalty system – there is a 8% Franchise Fee and a 4.5% ad fund fee .Top of the line training provided locally for 2 weeks with the Franchisor and in store training for one week after closing. The transfer fee is $7,500 and Seller will pay half of the transfer fee. This is a turnkey operation with only an upside potential for more growth and profits.

Detailed Information

Inventory:
Not included in asking price
Employees:
2FT/6PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This Taqueria has an outstanding location in one of the most sought after areas of Seattle – Ballard. It has been established for over 16 years and has a solid base of customers for the new owner to build upon. The facility is 1.100 sq feet with seating for 18 customers inside and 25 customers outside. The base rent on the Lease is $3,500 plus NNN charges monthly of $600. The Lease runs till 2/28/2023 and has an option to extend the term for 5 years
Competition:
This is the only fast food Taqueria in this area and there is no direct competition in the immediate area of this store. This business has been established for over 16 years and has a steady and loyal client base.
Growth & Expansion:
The current owner has other business interests and has not taken the time to do any promotion or get involved in the local community. With an outstanding name and concept like this and some hands on management and personal service by the new owner this business is ready to explode. The new owner can add beer to the menu – this will dramatically increase the revenues. This is the only franchise in this system with a “private” website designed just for catering and it brings in huge $$$$ to the Seller. There is a huge 40 unit “micro unit apartment” being built right behind this location – this is instant business for the new owner.
Support & Training:
Top of the line training provided at the Franchisors’ headquarters for 2 weeks and in store training for one week after closing. 8% Royalty and a 4.5% ad fund fee. The transfer fee is $7,500 and Seller will pay half of the transfer fee.
Reason for Selling:
Seller is absentee and has other Business Interests
Franchise:
This business is an established franchise

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Kirk L. Edwards, CBB, CBIS

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

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