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Burrito Loco Franchise - Mentor on The LakeNew Franchise Opportunity for existing location
$239,000
Burrito Loco Franchise - Mentor on The LakeNew Franchise Opportunity for existing location

Mentor, OH

Highly rated quick serve Mexican restaurant, Burrito Loco, is now expanding. Franchise opportunities are available for the existing Mentor on the Lake and Great Lakes Mall locations and also new territories. The Mentor on the Lake store opened 5 1/2 years ago and sales continue to rise. This is a great store that has no competition in the category in Mentor on the Lake. It is located in a large and busy strip mall. Rent is currently $1799 a month. Annual Gross Revenue is $562,000. Growth opportunities exist by increasing catering sales and online ordering by advertising availability of both and also adding delivery. There are 16 employees. Priced at $239,000 with franchise fee included. Also available is our Great Lakes Mall food court location, open since October 2017. This has a very attractive lease and strong start up sales. Franchisor will give the franchisee an option to sign with the mall or open outside of the mall within a designated territory when the lease expires. Growth opportunities exist with online ordering, in mall delivery, outside mall delivery, catering, etc... Rent is currently $2500 a month (trash included) and then goes to a percentage after year one. Annual Gross Revenue is projected to be $380,000 - $400,000 based on 8 months of previous sales figures. There are 13 employees. Priced at $90,000 with franchise fee included and if purchased with the Mentor on the Lake location. The owners believe the two restaurants complement each other and would prefer to sell both locations to the same buyer, but may sell separately. Each location runs independent of each other but having both locations creates synergy for increased efficiency. Both locations are owned by the Franchisor and shift managers are in place that run the day to day operation except placing the orders, scheduling and book keeping. They are being offered so that the franchisor can focus on their growth plans for the brand and their third operation already in progress. Please email us with questions and be discreet when visiting the locations. Thank you. With ratings of 4.9 of Facebook and 4.7 on Google, we lead the category in our market.


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