Type: Active Restaurant
Selling Price: $ 1,700,000
Featured: No

Gross Revenue: 2600000
Gross Revenue Comments: This multi unit nationally known fresh mex franchise is growing in the Philadelphia market. There are currently 3 stores that are operating. Each store has a full time manager in place as well as their own wrapped delivery vehicle. The current owners are somewhat hands off as they have full time jobs and the concept is growing which is why they seek to sell. There is over $480,000 in cash flow at this point with plenty of upside. This company is known for their fresh food With over 25 fresh ingredients, they offer something for everyone. . Their ingredients are free of transfat and MSG, and their kitchens do not have any microwaves or freezers. They feature house made guacamole and pico de gallo, chop fresh vegetables, cook seasoned black and pinto beans, fresh tortilla chips and other southwest favorites. They also have a great catering revenue stream. If you are looking for a business that you can grow that already has great cash flow this is it. There is a requirement by the franchisor that you have a minimum net worth of $1 million and liquidity of $300,000. Please make sure you meet this requirement if you have interest in this opportunity.
Inventory: 25000 not included
Cash Flow Comments: Fresh Mexican is the hot area to be. There is minimal competition in the Philadelphia area. The franchisor has great brand awareness and an extensive marketing program for the franchisees. There is plenty of room to grow in the market.
FF&E: 450000
Seller Financing: seller may provide up to 30% financing
Year Established: 2006
Employees: 50
Franchise: YES
Facilities: 3 leased locations in upscale shopping centers. 2 are in NJ and one in Montgomery County PA. Each location has a long term lease with multiple options. Each location is 1500 to 2500 sq. ft. There is seating for 50 - 75 in each location. All equipment is in excellent condition at each location.
Reason for Selling: family issues