Broker Name:Kevin Chung
Broker Email:info02@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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As Seen On TV Unique Gourmet Hamburger Shop
(Restaurants)
Tarrant, Texas
Listed Price: $ 109,000
Listing ID: 000970

Listing DetailsDown Payment: $ 109,000
Gross Revenue: $ 383,107
Cash Flow: $ 39,281
FFE: $ 15,000 (Included in Price)
Inventory: $ 2,500 (Included in Price)
Reason for Sale:

Other Opportunities.


Training & Support:

The owner of the business will provide the necessary training to smoothly transition into the business operation.


Listing SummaryBusiness Description:

The award-winning gourmet homemade burger restaurant featured on national TV in East Fort Worth is available for acquisition. This business was converted into the current restaurant from a small convenience store and was established by the current owner in June 2019 after the owner has sold his previous business several years ago. This business is located in the middle of a densely populated residential neighborhood of East Fort Worth just a few miles away from the lake and is occupied on a 1,620 SF free-standing building with ample space for parking and outside seating area. Despite only being opened for several months in this location, due to its reputable name and exposure on TV, the monthly gross sale is approximately $30,000 and steadily increasing. Not much marketing or advertising effort has been fully utilized other than word of mouth, but more direct and online marketing need to be utilized to reach its full financial potential by acquiring new customers from untapped areas of the city and metroplex and also by selling beer and wine will increase the overall sales. The customers are local as well as from all over the metroplex and they are of all ages ranging from children to seniors. This business is well-known for a unique blend of fresh ground beef and smoked brisket for the patty, but also offers a variety of unique burgers, chicken sandwich, salad, chili, gumbo, and homemade desserts and pies. The owner works full-time at the restaurant because he enjoys being there and likes to oversee the business, but is not necessary for the new buyer. Full competent staff is already in place and only minimal owner involvement is necessary. This business is newly established but is well known in the metroplex for its uniqueness and quality and with a buyer who can be more pro-active in marketing can further grows the business to its full potential.


Competition:

There are no director competitions in the immediate market area.


Potential Growth:

This business has garnered many accolades and has been featured on national TV for its unique blend of the patty and variety of items on the menu, this is business is still fairly new in its current location. Although many customers come from word of mouth, more pro-active direct and online marketing needs to be utilized to fully maximize its financial potential and acquire new customers from the untapped area. Also by obtaining a license to sell beer and wine will definitely increase the overall sales.


Financing/Terms:

100% down at the time of closing.


LocationSquare Footage: 1620
Facilities:

This business is located just a few miles away from the lake in a 1,620 SF free-standing building with plenty of parking space and outside seating area in the middle of a densely populated residential neighborhood. All equipment is in good condition.


OperationYear Established: 2019
Employees: 2FT/6PT
Absentee Owner: No