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Franchised Mexican Restaurant for Sale in Florida - Nets more than $100K

The franchised Fast Casual Taco and Mexican Restaurant for Sale in Broward County has been profitable since its inception in 2018. Six figure income for semi-absentee owner who is moving onto a new career. Seller financing available to qualified candidates.
 
The franchised Taco shop and Mexican Restaurant for Sale has been serving the Fort Lauderdale community since 2018. The current owner purchased the restaurant in 2023. This was his first experience in the restaurant industry. Even though the restaurant is profitable he has decided this is not the industry for him. In the first six months of ownership the gross sales were $675,506 with a sellers discretionary earning of $53,772. Annualized profits are more than $100,000. The current owner works approximately 20 hours per week in the business. Monday through Friday from 11 am through 3 pm. Main responsibilities include food orders, scheduling, and administrative. During the busy period of lunch, he will help wherever is needed. There is are two managers on staff - one runs the kitchen and one runs the back of the house.
 
The fast casual restaurant is housed in a 2,500 square foot space. The restaurant seats 52 guests inside and another 32 on its patio. The fast casual restaurant has a counter for ordering and guests sit in the dining room and an employee brings the food to the guest. The full liquor bar has seating for ten guests. The kitchen has a 12 foot exhaust hood and all the equipment you will need. Two fryers, flat top, char broiler, four-eye burner with oven, steam table, walk-in cooler, commercial refrigeration throughout, and much more.  For a complete list of the extensive equipment list, please contact the Restaurant Brokers at We Sell Restaurants.  The Mexican Restaurant for Sale is located close to I-95 and has more than 90,000 vehicles pass by daily. They are situated right next to a high-volume Starbucks. The three-mile radius population is 128,500. There are numerous office buildings within one-half mile of the location. The monthly rent is $12,987 and includes all CAMS, Taxes, and waste removal. The expiration date is February 12, 2028. There are two five-year options to renew attached to the lease
 
The Taco and Mexican Restaurant for Sale has a diverse menu and utilizes a 2COP license. This means that you can serve Beer, and Wine to your guests. This license and seating license will both transfer with sale.

The menu at this Mexican Restaurant for Sale includes many types of Tacos, but also includes Burritos and Bowls, Quesadillas, Enchiladas, Fajitas, and much more. The lunch business is 70% of gross sales with dinner accounting for 30%. Eat-in and pick up accounts for 70% of gross sales and third party delivery services deliver 30% of the sales. All recipes and menus are included with the transfer of franchise license.
 
The Taco and Mexican Restaurant for Sale is franchised and there are almost 150 other locations nationwide. There are nine locations in the state of Florida. This is a scalable franchise with plenty of territories available. The first restaurant was opened in 2001 in Texas. The royalty is 5% per month plus a 2% developmental fee. There is no marketing fee that is charged to franchisees. Prior to buying the restaurant there is a $20,000 franchise training and transfer fee that is required.
 
As the seller has owned this business for less than one year, SBA lending is not available on this Taco and Mexican Restaurant for Sale. The franchisor will not allow the buyer to use the purchase in order to obtain a VISA. The seller is offering financing to qualified candidates with 70% down. In order to obtain pertinent information on this listing a prospect must agree to confidentiality and provide proof of funds of at least $100,000.
 
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Listing

  • Listing#: 10379
  • Price: $200000
  • Location: Fort Lauderdale

Lease Term: February 2028

Monthly Rent: $12987

Indoor Seating: 52

Inside Sq. Ft: 2500

Hood System: Yes

Neighboring Businesses: Near I-95 and located next to Starbucks, office buildings

Hours Open: Monday-Saturday 10am-10pm Sunday 10am-9pm

# of Part-Time Employees: 10

# of Full-Time Employees: 6

Net Sales: $1351012.00

Owner Benefit: $125670

Features

  • Franchised Taco/Mexican Fast Casual Restaurant for Sale in Fort Lauderdale, Florida
  • Seller Discretionary Earnings exceeds $100,000 annually for semi-absentee owner
  • Great Demographics with 128,000 residents in the three mile radius and more than 95,000 vehicle count per day
  • Numerous very large office buildings in the vicinity.
  • Franchisor has 150 locations nationwide and is growing
  • Franchise royalties of 7%, $20,000 training/transfer fee, corporate support
  • Cannot be purchased to obtain VISA
  • Seller Financing Available to Qulaified Candidates
  • Mexican Restaurant for Sale