Taco del Mar - Absentee Owner Must Sell
Seattle, Washington
| Asking Price: |
Gross: |
Cash Flow: |
| $350,000 |
$461,005 |
$72,837 |
Furniture and Fixtures Value:
$50,000 (included in the asking price)
Inventory Value:
$6,500 ( not included in the asking price)
Business Summary:
This Taqueria has an outstanding location in one of the most sought after areas of Seattle - Greenwood. It has been established for over 26 years and has a solid base of customers for the new owner to build upon. This is a high volume– with a huge upside to grow even more. The business occupies about 800 square feet and has seating for 20 inside and 8 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. This is the only locally owned franchise that is “grandfathered in” under the old royalty system – there is a Franchise Fee of 8% - Ad Fund Fee of 4.5%. 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.
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| Year
Business was Established: 1990 |
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| Number of Employees:
2 FT / 6 PT |
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| Facilities / Terms of Lease:
This Taqueria has an outstanding location in one of the most sought after areas of Seattle – Greenwood. It has been established for over 26 years and has a solid base of customers for the new owner to build upon. The facility is 800 square feet with seating for 20 customers inside and 8 customers outside. The base rent on the Lease is $3,000 plus NNN charges monthly of $600. The Lease runs till 12/31/2021 and has an option to extend the term for 5 years |
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| Potential
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. |
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| 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 26 years and has a steady and loyal client base. |
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| Owner
willing to finance:
CAsh or Bank Financing |
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| Owner
willing to train:
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. |
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| Reason for selling:
Absentee owner |
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| REQUEST MORE INFO |
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