Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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6-Day a Week Free Standing American Diner
(Restaurants)
Tarrant, Texas
Listed Price: $ 199,000
Listing ID: 000925

Listing DetailsDown Payment: $ 100,000
Gross Revenue: $ 489,225
Cash Flow: $ 111,547
FFE: $ 70,000 (Included in Price)
Inventory: $ 3,000 (Included in Price)
Reason for Sale:

Other opportunities / Looking for passive income investments


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Old fashioned style fast food hamburger/American restaurant established for over 15 years placed in a prime location is now available for acquisition. This business was originally established by the current owner in 2004. This American diner occupies a 1,800 SF space of free standing building featuring convenient drive-thru next to an intersection surrounded by heavy industrial area as well as densely populated residential neighborhoods. This business is located in a prime location right next to main road of the city with great visibility and has easy access to the store as well as ample parking space to accommodate for large groups. Most of customers are individuals and workers coming from nearby warehouse and small businesses in the industrial area as well as nearby densely populated residential neighborhoods. Few of other type of restaurants are found, but no direct competitors are within the immediate market area. This 15-Year established all day American restaurant offers a variety of menu ranging from breakfast, hamburger, wings, fried seafood, Philly steaks, and cold subs to ice cream. Gross sales average has been around $450K-480K per year that has been consistent over the last several years due to the solid customer base this business has built over 15 years since 2004 without any marketing in place except thru a word of mouth. Currently, there is very minimal amount of marking being done, and there are many ways to proactively market this business such as direct mailing, flyers, social media outlets, coupons, and daily specials etc. The current owner is willing to stay and train new owner until new owner completely grasps every aspect of the business. If you are looking for a well-established fast food independently owned restaurant with a solid customer base, this restaurant is a great opportunity to acquire.


Competition:

There are no direct competitors within the immediate market area.


Potential Growth:

Minimal marketing is done and proactive marketing methods are needed to fully utilize to achieve maximum income potential.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 1800
Facilities:

This business in a 1,800 SF space of free standing building is located next to an intersection surrounded by heavy industrial area as well as densely populated residential neighborhoods. The restaurant features a convenient drive-thru, and all equipment is in good condition.


OperationYear Established: 2004
Employees: 2FT/3PT
Absentee Owner: No