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Franchise Mexican Restaurant Below Initial Costs

Fernandina, FL (Nassau County)

Franchise Mexican Restaurant Below Initial Costs
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Asking Price: $99,000

Cash Flow: N/A

Gross Revenue: $468,877

EBITDA: N/A

FF&E: N/A

Inventory: $3,000

Rent: $0.00

Established: 2013

Franchise Mexican Restaurant Below Initial Costs

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Business Description

Established restaurant franchise for sale at an asking price substantially lower than the cost to start new franchise. Sellers motivated to sell this Mexican themed franchise selling for less than 1/3 the capital cost required to acquire and build out a new franchise. Additionally, the franchisee net worth requirement has been waived by the Franchsior. This franchise location is part of a network of successful franchises throughout the South - over 50 - with the majority in the Southeast.

Typical costs for build out and initial franchise fee exceed $300,000 for this franchise opportunity. The Sellers currently own a number of these franchises along with several other businesses and want to sell the franchises to focus on their other business ventures. Time frame for a purchase will impact any offer.

Sellers have recently invested no money or focus on advertising and marketing. As such, sales have been impacted and the business is currently cash flow negative on a monthly basis. The franchise is priced so a buyer can purchase the assets and operations at a discount and have capital available to invest in operations to increase sales and cash flow. A small focus on increasing sales and customer experience could pay big dividends for a buyer - and the franchisor is anxious to assist a new owner.

Great opportunity for both an existing operator or a new entrant into the quick service restaurant arena. Mexican restaurants are one of the most popular QSR themes. Franchisor has an excellent reputation for providing superior quality. This is a unique opportunity to obtain a franchise at less than 1/3 the typical price. All furniture, fixtures and equipment (build out) in place along with proven employees. A new buyer just needs to step into this operational business.

Buyers will need to qualify as a franchisee with the franshisor. Should a buyer decide to finance the transaction with a third party bank (SBA), a new or modified lease will be required to match the loan term length. The existing lease will be assumed by a buyer. Please respond to this advertisement for a required NDA. Don't miss this opportunity.

Detailed Information

Location:
Fernandina, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,414
Lease Expiration:
N/A
Franchise:
This business is an established franchise
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(from currently available funds)
 
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Bill Rary

Business Listed By:
Bill Rary

Waterway, Inc.

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