Tex Mex Franchise Restaurant in North Houston (Absentee Owner!)
Listing: #HT00012Fernando Saldivia
Broker | Houston
About this Business for sale in Houston
Tex Mex Franchise Restaurant in North Houston (Absentee Owner!)Rare opportunity to acquire a burrito and taco franchise restaurant in Spring, TX. Located near major retail - Office Depot, LA Fitness, Pizza Hut, Home Depot, & more. Seller is absentee and manager in place makes this a turnkey business ready to roll for you. Owner net profit over $50k annually from $460k gross sales. Long term lease until 2027. High visibility location off major freeway. Average median household income in the area is $89k within 5 mile radius. Competitive $6,500 rent for 2,600 sf. Low royalties. Franchisor will train. Please be discreet, employees unaware the business is for sale.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.