Building Completely Remodeled In 2016
Lewistown, MT
Asking Price: $350,000
Gross Sales: $386,188
Net Operating Income: $139,490
Monthly Rent: $4,668
Lease Expiration: (New Lease)
Options: One 5-Year Option
Year Established: 1999
Owner Operated: Yes
Seller Financing: No
Food Type: Mexican/Tex-Mex
Service Type: Fast Food
Business Type: Franchise
Sale Type: Business For Sale

Description:

A wildly popular quick-service restaurant chain offering a tasty variety of customizable freshly prepared, home-style Mexican fare. Offering an assortment of delicious tacos, burritos, nachos, quesadillas, salads, sides, and breakfast items. Chips, shells, salsas and special sauces made in-house fresh every day. Coke fountain drinks.

Simple operation - counter service. Dine-in or take out, plus drive-thru.

Building completely remodeled in 2016 at a cost of $39,300, including a new urethane roof!

Well established for over 21 years!

Owner would also consider selling the building with a minimum of 30% down.

Feel free to stop by the location as a customer first. This is a highly confidential listing, please DO NOT talk to any of the employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

Business Website: https://tacotime.com
County: Fergus
Location:

Prime retail space in a freestanding building with ample parking on E Main St with high traffic counts. Benefits from both traffic from E Main St and the I-191 bypass. Surrounded by a vast commercial and residential area.

Real Estate: Leased
Facilities:

Leased space - $4,668/mth gross. New 5-year lease with a 5- year option. Square Feet: 2,000. Seating: 50 Inside & 18 Outside. Days/Hrs of Operation: Mo-Sa 10:30a-8p (closed Sunday - open Sunday’s during the summer months). Owners Role: Owner operated, works approximately 25 hours a week. Value of FF&E: Included In Asking Price.

Number of Employees: 1 Full-Time & 10 Part-Time
Support/Training: Includes two-week training course at Taco Time International (KTEC), as well as an additional 5 to 15 days of in-store training (additional $2,000 fee for training).
Value of FF&E: Included In Asking Price
Value of Inventory: $2,500 (Not Included In Asking Price)
Competition:

Everything made fresh cooked-to-order with real ingredients. This popular franchise serves only the freshest highest quality ingredients available - the ripest produce, real aged cheddar cheese, 100% boneless skinless all-white meat chicken and top-quality lean ground beef that is fresh and never frozen. And their chips and taco shells are made fresh every morning. Plus, they make their own salsas and cook their own taco meat every two hours.

Known for their world-famous hand rolled Crisp Burritos along with their crispy Mexi-Fries and proprietary spice blends. TacoTime has been named to Entrepreneur magazine’s prestigious annual Franchise 500 list every year since 2006.

Recent Awards & Accolades:

* Top 10 Hot Franchise Trends List in Entrepreneur Magazine - 2019
* #126 Top Brands List in Entrepreneur Magazine -2018
* #80 Top Franchises For Less Than $150,000 List in Entrepreneur Magazine - 2018
* #7 Top 200 Food and Restaurant Franchises List in Entrepreneur Magazine - 2018
* #258 Franchise 500 List in Entrepreneur Magazine - 2015

Growth and Expansion:

First restaurant opened in Eugene, Oregon back in 1960. Began franchising in 1962. TacoTime is a highly successful brand with nearly 60 years of operating success and today is the quality leader in the Mexican Quick-Service Restaurant industry. A franchise with staying power. Currently over 300 locations in the United States and Canada, primarily in the Pacific Northwest where it is a beloved treasure.

And more consumers are craving high-quality Mexican food at an affordable price. The demand for fast-casual Mexican food has now risen to nearly $40 billion in annual sales at Mexican restaurants. Mexican food ranks as a ‘Top 10 Food of the Decade”. Mexican food franchises are showing a strong growth in popularity.

TacoTime is one of the fastest-growing franchise companies in the world!

Seller Financing Available: No
Reason For Selling: Retiring.