Listing Number: 76931-341793
Description
Won't last long at this price! This fajita take out and delivery franchise opened about two years ago and is located in the Lubbock, Texas area. This franchise brand has been rated as a top food franchise by QSR Magazine, Fast Casual, and Market Watch! This is a unique opportunity to get into this franchise at a very low cost since the typical store costs more than $400,000 to open from scratch.
This brand started in 2008 and has 30 locations open across the United States plus another 70 in the pipeline. The store atmosphere has a modern Tex Mex vibe and an efficient layout. Menu items include beef, chicken, and shrimp fajitas, enchiladas, quesadillas, flautas, salads, and accompanying side items such as rice, beans, queso, guacamole, and handmade tortillas. Don't forget your frozen margaritas and desserts too! Take out, delivery, and catering opportunities provide multiple revenue streams!
The restaurant for sale has 1,850 sq ft and located in an area with excellent demographics, visibility, and traffic counts. The monthly rent (including CAM) is $4,468. Sales in 2023 were $456,337 and are trending higher in 2024. The location is not profitable yet but has solid potential. We are looking for a buyer that has restaurant and sales experience that can take this store to the next level!
The listing price includes over $80,000 in FF&E, $200,000 in Leasehold Improvements, plus $3,000 in Inventory. There are 9 employees including a manager on staff. The owner will provide 2 weeks of training to ensure a smooth transition. Additional time is available upon request. The current owner has other business interests and can't dedicate enough time to grow this business.
Increased marketing and sampling to nearby businesses, schools, and churches will help increase revenue going forward. There are also strong delivery, catering, and corporate opportunities in the area.
Listing Details
- Price: $50,000
- Down Payment: $50,000
- Sellers Discretionary Earnings: $0
- Total Sales: $456,337
- Location: Lubbock County, Texas
- Inventory: $3,000
- FF&E: $80,000
- Employees: 9
- Year Established: 2022
- Reason for Selling: Other Business Interests
- Category: Restaurants
