Strategically Located Taco del Mar For Sale

Business description

Absentee Owner needs immediate sale of this outstanding Taco del Mar location. Located in front of the new Best Western Hotel (permitted and ready to build) and one block from the new Wal-Mart (permitted and ready to build) this business is poised to explode with the right owner. High traffic volume and excellent visibility make this location ideal. The business opened in 2007 and has a steady and loyal client base. The current owner is absentee and the operation of the business reflects this, although, the gross sales volume increased 10% from 2007 to 2008. What is really needed in an on site 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 demographics of this area make this a prime location for this business, and this will be a goldmine for an astute owner operator. Top of the line training provided locally for 2 weeks with the Franchisor and in store training for one week after closing. 6% Royalty and a 2% ad fund fee. The transfer fee is $5,000

Franchise terms

Top of the line training provided locally for 2 weeks with the Franchisor and in store training for one week after closing. 6% Royalty and a 2% ad fund fee. The transfer fee is $5,000

Property information

Real Estate:

Lease

Lease terms:

There is a long term lease in place that runs till 12/31/2017 and has an additional two 5 year options to extend the term. The base rent is $2,375 per month plus NNN of $760 per month.

Leasehold rent:

$37,620 per annum

Location:

This business has an outstanding right in front of the new Best Western Hotel (permitted) and one block from the new Wal-Mart (permitted) with a high volume traffic flow.

Premises details:

This business has an outstanding right in front of the new Best Western Hotel (permitted) and one block from the new Wal-Mart (permitted) with a high volume traffic flow. The business opened in 2007 and has a loyal and steady client base. The facility is 1200 sq feet and seats about 30 and has all the amenities to make this a top producing Taco del Mar location. There is a long term lease in place that runs till 12/31/2017 and has an additional two 5 year options to extend the term. The base rent is $2,375 per month plus NNN of $760 per month.

Size in square feet:

1,200

Other information

Expansion potential:

The current owner is absentee and the operation of the business reflects this, although, the gross sales volume increased 10% from 2007 to 2008. What is really needed in an on site 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.

Competition / Market:

There are other fast food operations in the area, however, this location is very well situated in front of the new Best Western Hotel (permitted and ready to build) and one block from the new Wal-Mart (permitted and ready to build) and has great visibility and well known and liked product identification.

Support & training:

The Franchiser, Taco del Mar, provides 2 weeks of in- depth training locally in the Puget Sound region and the Seller will provide one week of in store training after that.

Reasons for selling:

The Owner is Absentee and cannot manage the day to day operation of the business

Trading hours:

10 AM – 8:30 PM (Mon – Sun)

Financing available:

Cash or Bank Financing

Furniture / Fixtures value:

$70,000 (included in the asking price)

Inventory / Stock value:

$2,500