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Listing ID: 2617816Listed on: June 18, 2017

TACO FRANCHISE-CEDAR For Sale

Seattle Metro, King, Washington, United States

not disclosed

(Furniture / Fixtures included)

Revenue: $ 299,962

Cash Flow: not disclosed

Business Description

This business has an outstanding location close to Fisher Plaza and the Space Needle with a high volume traffic flow. The business opened in July of 2007 and everything is in like new condition. The facility is 1421 sq feet and seats about 30 and has all the amenities to make this a top producing Taco Location. There is a long term lease in place that runs till 5/31/2016 and has an additional two 5 year options to extend the term. The base rent is $2,734 per month plus NNN charges of $916 per month.
The Owner is Absentee and cannot manage the day to day operation of the business
There are other fast food operations in the area, however, this location is very well situated close to Fisher Plaza and the Space Needle and has great visibility and has name recognition and excellent product identification.
The current owner is not involved with the day to day operation of the business and the gross sales volume reflects this. What is really needed is an onsite 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.
The absentee Owner needs an immediate sale of this outstanding Taco del Mar location. He currently is involved in too many other businesses. Located close to Fisher Plaza and the Space Needle this business is poised to explode with the right owner. High traffic volume and excellent visibility make this location ideal. The business opened in July of 2007. The current owner is not involved with the day to day operation of the business and the gross sales volume reflects this. What is really needed in an onsite 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 area around this business is exploding with growth, both residentially and commercially, and this will be a goldmine for an astute owner operator. Top of the line training is provided by the Franchiser for 2 weeks and in store training for one week after closing. The Franchise fee is 8% - Ad Fund Fee is 4.5% and the Transfer fee is $7,500. Seller terms with 50% down, 3 year term, at 6% interest
10:30 AM – 9 PM Cash, Bank financing, or Seller terms with 50% down, 3 year term, at 6% interest

Property Details

Size:

1421 sq ft

Years Established:

2007

Property Type:

Lease

Other Details

Operation Details

Employees:

1

Trading Hours:

7

Miscellaneous

Reason For Selling:

absentee owner

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