Description

This is the chance to buy an established, quick-service Mexican restaurant at at great multiple Can be for a new owner or great chance for a great location for established franchisee. The restaurant was just established in July, 2015 and is also located in the food court of the mall. The Seller has been called overseas for consulting and would like to sell the business. Revenues are $202,821 (pro forma) from establishment through 7/3/16 with cash flow of $36,785. Sales were $152,116 from establishment through 3/7/16 and seller’s discretionary earnings were $32,011.
This is a potentially attractive acquisition for a new owner for a several reasons. The mall draws consumers from all over the United States and Mexico. The seller has successfully built a brand around the business. At this point, the business basically runs on auto-pilot. A new, more involved owner could spend more time at the business driving traffic to the location. A more “hands-on” approach will likely increase sales, according to the current owner. On the other hand, this “semi-absentee” setup may work well for an investor who simply wants a good return on their investment. The restaurant has local employees and established management, who are willing to stay on for a new owner. A new owner could also ramp up advertising efforts, as the current Seller does no advertising.
A new owner can jump into the shoes of the current owner and continue to build momentum in the catering part of the business. A new owner would also have the flexibility to add new, exciting menu items and discontinue items that may be lagging. The market is very supportive to local business owners and the mall and food court get a lot of traffic. This is a great opportunity to exploit that support. A good marketing owner will be able to steer business to its location easily.

Posted May 6, 2016

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