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Well-Established High-Volume Baja Fresh Mexican Grill Portland, OR - Mall 205 Outlot!

Portland, Oregon
Well-Established High-Volume Baja Fresh Mexican Grill Portland, OR - Mall 205 Outlot!
Asking Price:$350,000
Gross Sales: $910,658
Cash Flow: $140,411
Monthly Rent: $12,585
Value Of FF&E: Included in Asking Price
Real Estate: Leased
Year Established: 2000
Status: For Sale

Contact Details

Contact Name: Tami Hillier

Contact Email: sales@eatz-associates.com

Contact Phone: 503-319-4626

Contact Fax: 877-481-6028

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Business Description

A popular fast-casual restaurant featuring a menu of fresh made-to-order Mexican favorites.

Their customizable menu includes burritos, tacos, taquitos, fajitas, quesadillas, nachos, Baja bowls, hand tossed salads, queso dip, tortilla soup, delicious churros and more.

All entrées are made with fresh never frozen, all natural, hormone free, fire-grilled, chicken, steak, line-caught fish and slow-roasted pork Carnitas. Combined with farm fresh grilled veggies. Along with warm tortilla chips and their self-serve salsa bar featuring 6 homemade salsas made fresh every day, all day. Also handmade guacamole, beans and rice.

Simple operation - counter service with entrees delivered tableside. Nice outdoor patio. Lunch, dinner, dine-in or take-out, plus catering. Online ordering. Kids meals. Club Baja rewards program.

Well established location for over 19 years! Absentee owner. Turnkey - manager in place!

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

 

Detailed Information

County: Multnomah

Location: Prime retail space in an outlot of Mall 205, a popular enclosed shopping mall at the junction of Interstate 205 and SE Washington St in Portland's thriving Hazelwood neighborhood. The mall features over 40 stores and a food court; anchored by Bed Bath & Beyond, The Home Depot, Target, Arch Fitters and 24 Hour Fitness. The mall's 2-story Target store is the largest Target in the state of Oregon and its Bed Bath & Beyond is the chain's 2nd location to feature an interior mall entrance. This busy Baja Fresh is perfectly situated on SE Washington St across Red Robin, Burger King and Arbys. And is ideally located in front of Home Depo and Target. Other surrounding eating & drinking establishments include Olive Garden, Falco’s Pub, Panda Express and more.

Facilities: Leased space $12,585/mth gross. Current lease expires Sep 2033. Square Feet: 3,240. Seating: 66 Inside & 25 Outside. Days/Hrs of Operation: Daily 10:30a-9p.

Competition: An iconic brand known for their high quality, as fresh as possible prepared Mexican food from real recipes with real farm fresh ingredients. Orders are made individually in house by hand. Famous for their flame-grilled flavor and unique grilled tortillas. One of the first chains to focus on fresh ingredients - boasts no microwaves, freezers, can openers and a menu that does not use lard or MSG. Handmade not processed. Farm-fresh not tin-canned. Flavor and nutrition over fillers and fads. Convenient food made with healthy and fresh ingredients - the perfect alternative to full service or fast food!

Growth and Expansion: First restaurant opened in 1990, began franchising in 1995. Currently operating over 150 restaurants nationwide and growing. A pioneer of the fast-casual Mexican niche. A sector that continues to show significant growth as consumers chose premium counter-service brands over casual dining and fast food. The quick service restaurant or QSR industry is booming. Fast-casual restaurants are continuing to grow and are becoming more popular than ever offering quick, convenient and healthy food at an affordable price. Furthermore, Mexican food has become increasingly popular in the U.S. Now Mexican restaurants are more popular than pizzerias AND hamburger restaurants. In fact, Entrepreneur Magazine recently published a list of the Top 10 Franchise Categories in 2019 where Mexican food overtook pizza to become the 2nd-most-popular menu type! And Baja Fresh’s products also resonate with today’s health-conscious consumers. Americans are looking for ways to get in better shape, making healthy food a lucrative industry. Some estimates value the healthy food business at around $1 trillion! In this regard, Baja Fresh has already made a name for itself as an industry leader.

Support/Training: Four-week comprehensive training program in Irvine, CA.

Number of Employees: 5 Full & 10 Part-Time

Seller Financing: No

Reasons For Selling: Owner lives out of state.

Gross Sales: $910,658

Value Of FF&E: Included in Asking Price

 

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