Listing ID: 80237
Clean and highly successful Absentee-Owned California style Mexican QSRs in a great Metro-Atlanta locations. These 2 restaurants have stood the test of time with 20+ years of business under the original owner. The perfect opportunity that can easily be franchised and expanded nationwide! Everything is in place to own these two establishments and a catering truck that have been and still making proven sales and profits that you can turn into many locations or keep the operation as it is and continue to make easy profits.
Both restaurants are well established and run absentee-owner with one of them being in business for 20+ years, a 1,600 sf, located in a super busy outdoor mall with a gross monthly rent of $4,125, and the second one being a 1,400 SF, been in business for over 11 years and located in a National grocer anchored shopping center with a gross rent of $2,537.
Both establishments have a fully equipped and well-maintained kitchens with hood systems, grease traps, steam tables, refrigeration, stream tables, fryers, stock pot ranges, ice machines, steamers and so much more.
For 2021, the company grossed over $2,048,634 and netted over $365,289 with one of the restaurants grossing $1,117,445 and an SDE of $211,325 and the second one grossing a $930,188 and an SDE of $153,955.
This business is SBA friendly and can be purchased with a 20% down for qualified buyers.
PROOF OF FUNDS AND SIGNED NDA MUST BE RECEIVED PRIOR TO DISCLOSING ANY FURTHER INFORMATION. THIS IS AN OPERATING BUSINESS; PLEASE REFRAIN FROM SPEAKING TO STAFF OR MANAGEMENT.
Attention Business Owners: We are always in search of quality businesses to sell, so if you are thinking of selling your business or would like to acquire another business, please call us to discover the difference that is
- Asking Price: $900,000
- Cash Flow: $365,289
- Gross Revenue: $2,048,634
- EBITDA: N/A
- FF&E: $350,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2002
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:35
- Furniture, Fixtures and Equipment:N/A
Both restaurants are well established and run absentee-owner with one of them being in business for 20+ years, a 1,600 sf, located in a super busy outdoor mall with a gross monthly rent of $4,125, and the second one being a 1,400 SF, been in business for over 11 years and located in a Publix anchored shopping center with a gross rent of $2,537.
As Needed & Negotiable! Seller is currently an absentee owner and the business is managed by self directed work teams. Seller is willing to train for few days for a smooth transition.
Continue to grow the brand to other locations in the area and beyond. An owner operator can increase revenues and net profits.
The business was established in 2002, making the business 20 years old.
The transaction does include inventory valued at $5,000, which is included in the requested price.
The company has 35 employees and is located in a building with estimated square footage of N/A sq ft.
The building is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell companies. Nonetheless, the genuine reason vs the one they say to you might be 2 absolutely different things. As an example, they may state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might simply be excuses to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in incomes, or a range of other factors. This is why it is very important that you not depend completely on a seller's word, but rather, utilize the seller's answer combined with your general due diligence. This will repaint a much more reasonable picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Many businesses finance loans in order to cover points such as inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can indicate that earnings margins are too tight. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that must be met or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract new clients? Often times, businesses have repeat consumers, which create the core of their daily revenues. Specific aspects such as brand-new competition sprouting up around the area, road building and construction, as well as employee turn over can influence repeat consumers and also adversely influence future incomes. One crucial point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business often, the greater the possibility to build a returning customer base. A last idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? How might the neighborhood mean family earnings effect future earnings prospects?