Fastfood Franchise near Orland Park Illinois For Sale

Business description

Great opportunity to buy a new mexican restaurant with a ton of potential for less than it would cost you to build and without all the headaches. Here are just a few of the reasons to buy this restaurant; The owners are willing to finance part of the deal to a qualified buyer. The owners have invested over $300,000 and it shows. The franchise royalties are only 4% of gross sales (most franchises are 10%). Ongoing training & support from the franchisor. There is no franchise renewal fee. They currently are not offering deliveries even though customers are requesting it. It just opened 6 months ago and is already turning a profit. Protected area for franchisee. Current owners are not doing much advertising. They are not offering online ordering even though customers are requesting it. Outdoor seating can be added. A drive-thru can be added. High traffic counts and a Long term lease.

Franchise terms

The franchise royalties are only 4% of gross sales (most franchises are 10%). Ongoing training & support from the franchisor. There is no franchise renewal fee.

Property information

Lease terms:

The lease is 10 years with (2) five year options. Base Rent is currently $3,395.00/month. C.A.M. charges are currently $207.25/month & R.E. Taxes are currently $1,036.25/month. The space is approximately 2,487 square feet. There are approximately 70 seats.

Location:

High traffic location in a modern recently developed area.

Other information

Expansion potential:

Excellent growth potential.

Competition / Market:

Minimal competition.

Support & training:

Yes, the seller will provide as much training as needed and discussed during the purchase process.

Reasons for selling:

The owners are selling because they bought & built the restaurant for their son and shortly after the closing, he changed his mind about being in the restaurant business.

Trading hours:

11am to 9pm

Financing available:

Owners may discuss some financing with qualified & experienced buyer/operators.

Furniture / Fixtures value:

$135,000

Inventory / Stock value:

$4,000