Franchise Restaurant In Two El Paso TX Locations For Sale

Business description

Price reduced to $1,070,000 for quick sale.

This innovative, upscale casual dining franchise opened in Mid 2006 with 2 locations, one in East El Paso and one in West El Paso. Operating within the "fast casual" business segment, this chain combines the speed and convenience of fast food with high quality food at a reasonable price. The restaurants are family friendly and include pizza, sandwiches, salads, soups, coffee and beverages and other speciality items as well as a full selection of California wines. The current owners are working full time building a different restaurant chain in Mexico and have decided to sell all of their United States restaurant holdings. This would be a wonderful opportunity for an entrepreneur wanting to get into the restaurant business with a well developed franchise or wanting to expand his current restaurant business. (Gross Sales are based on 2007 actuals)

Property information

Real Estate:

Lease

Lease terms:

The Eastside location is approximately 3246 sq ft @ $5,410/mo, and the Westside location is approximately 4500 sq ft.@ $6,750/mo. Store 1 lease expires 2021 including renewals, and Store 2 lease expirs 2018 including renewals.

Location:

Both the Eastside and Westside locations are new state of the art construction and both are in areas of high demand for food services.

Other information

Expansion potential:

Because these restaurants (and this restaurant concept) is relatively new, the restaurants expect further growth as more people become familiar with the high quality food provided. Along these lines, the current owner feels that a large scale advertising program would significantly improve sales and profits dramatically.

Competition / Market:

Due to population growth near both of these locations, demand for restaurant and food services is expected to increase over the next several years.

Support & training:

Length of training by current owner is negotiable. Franchisor will also provide extensive training and ongoing support.

Reasons for selling:

Owner wishes to concentrate on developing another restaurant chain in Mexico.

Financing available:

SBA financing may be possible w/30% down

Furniture / Fixtures value:

$1,000,000 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)