Broker Name:Stephen Lee
Broker Email:info01@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Long Established Burger Joint with Consistent Sales
(Restaurants)
Tarrant, Texas
Listed Price: $ 125,000
Listing ID: 000926

Listing DetailsDown Payment: $ 62,500
Gross Revenue: $ 260,000
Cash Flow: $ 65,000
FFE: $ 70,000 (Included in Price)
Inventory: $ 2,500 (Included in Price)
Reason for Sale:

Other opportunities


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:

Unique easygoing burger joint in prime location is now available for acquisition. The business was originally established by the previous owner in 2005 and was acquired by the current owner in 2017. This business is placed in a 2,400 SF retail strip center that is located next to the main road of the city and is surrounded by densely populated residential neighborhoods as well as small retail shops. Most of the customers are middle-class individuals and families from nearby densely populated residential neighborhoods and loyal customers this business has accumulated in the last 14 years of operation. Few competitors are within the immediate market area from this operation, but this unique business has a specialty menu that differentiates it from a typical fast food burger place. The restaurant offers high quality of appetizers, burgers, sandwiches, wings, salad noodles and sides with an affordable price point. Gross sales have been $260K per year that has been consistent over the last several years of operation due to the prime location and some marketing regularly done by current owner. Although some marketing is in place such as Facebook, Uber Eats, lunch special etc., various marketing tactics need to be utilized, such as more online and social media outlet presence, expanding 3rd party delivery service provider, In-house delivery service, direct marketing, coupons, daily special, student discount to acquire new customers in the untapped parts of the area. Setting up online ordering system will also help the business's operation flow much better, allowing this business to enhance the way customer are served and handled. Marketing efforts on catering service to schools, companies, public agencies, etc. can also greatly improve the sales as catering business has remained totally untapped by the current owner. This business has everything in place for a potential buyer to proactively market and grow this business by working on a day-to-day basis.


Competition:

There is no true competitor for this business in the immediate market area. Fast food chains are nearby, but their quality is sub-standard compared to this mom and pop burger joint.


Potential Growth:

Minimal marketing is done and proactive marketing methods such as more online and social media outlet presence, expanding 3rd party delivery service provider, In-house delivery service, direct marketing, coupons, daily special, student discount 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: 2400
Facilities:

This business is located in a 2,400 SF retail strip center next to main road of the city that is surrounded by densely populated residential neighborhoods and small retailers. All equipment is in impeccable condition and in great working order.


OperationYear Established: 2005
Employees: 3PT
Absentee Owner: No