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Food & Restaurant Franchise Opportunity - Food & Restaurant Franchise Business for Sale

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Food & Restaurants

Salsa Rico Fresh Mexican Grill

salsa rico food franchise

The excitement of Salsa Rico is generated not only through the menu, but through the decor and the architecture. Blue oceans, corrugated metal, and surfboards make you feel as if you are stepping off the beach and taking shelter from the sun to enjoy a fresh-Mex meal with authentic Mexican flavor. Burritos and enchiladas are at the heart of Salsa Rico’s offerings and they are complemented with other fresh-Mex favorites such as tacos, quesadillas, and taco salads. Mintel Corporation reports that quick service and fast casual restaurants are rapidly gaining popularity, “Among categories, the ethnic fast casual segment has experienced the fastest growth.” Salsa Rico has shown continued growth throughout the United States with the first location opened in 2000 at Lock Haven University in Lock Haven, Pennsylvania and (as of September 2007) has grown to 18 locations in 11 states.

Background

Background

Year Established: 2000
Year First Franchised: 2004
Franchised Units: 1 open in Philadelphia and 2 in development
Company-Managed/Affiliate Owned Units: 17
Projected New Units (12 months): 8
States/Countries Registered In: All
Availability in Canada: Masters / Area Developer: No
We are franchising in: Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Massachusetts Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, and Washington, DC

Financial/Terms (Single)

Cash Investment: $100K
Total Investment: $268,575 - $387,850
Minimum Net Worth: $400K
Franchise Fee: $30K
Discounts: VetFran, Women, Minorities? No
VetFran Program Participant: No
Royalty: 6%
Ad: 2.5% (2% local, .5% creative)
Average # of Employees: 18
Passive Ownership Allowed: Owner Operators are preferred. Passive investors ok if there is a working partner
Earnings Claim: No

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