Diners For Sale – Freestanding Burger Diner 001132
Price: $325,000
Location: Tarrant County, Texas
Industry: Restaurants & Food/American Restaurants
Listing ID: 001132
Diners For Sale - Freestanding Burger Diner! A beloved free-standing, old-fashioned, fast-food burger spot in West Dallas has been listed for your acquisition. This establishment, which has been operating in the same location for 17 years, encapsulates the feeling of classic American burger diners. With an awning extending over the drive-thru length and its bright exterior paint, this burger joint is quickly recognizable and has the charm to become a local favorite. The brightly colored pylon sign also makes this spot easily identifiable from afar. The interior style is reminiscent of humble Americana and has been renovated by the current owner within the past three years. The building is 1,800 SF sitting on a 16,250 SF plot of land. Since this establishment is nestled inside a high industrial area, the customer makeup consists of local contract workers from surrounding warehouses and manufacturing facilities. Many blue-collar workers from many ethnicities frequent this spot for a quick and satisfying lunch. However, this establishment is not limited to lunch and serves a full menu of breakfast food, salads, burgers, sandwiches, ice creams, and shakes from 7 AM to 9 PM. There are no true competitors from the surrounding vicinity; this old-fashioned burger spot has dominated the area and has sequentially formed a healthy pool of customers.
Gross revenue in 2020 exceeded $600,000 even amidst a 45-day shutdown due to covid. In 2021, gross sales are on track to exceed $700,000. This upward trend is primarily due to the popularity and accessibility of drive-thrus. Throughout the pandemic, to-go and drive-thru sales have exponentially increased; this establishment is no exception. Currently, there is a very minimal amount of marketing being done. There are many ways to market this business proactively, such as direct mailing, flyers, social media outlets, coupons, daily specials, etc. There is also a vacancy in the use of 3rd party delivery services such as Grubhub, Door Dash, and Uber Eats, etc. This could be a quick and easy boost in sales that the new acquiring owner should seriously consider. The current owner is willing to train the new owner until the new owner completely grasps the business. Don't miss the chance to acquire one of the most beloved and well-established diners for sale in Texas with a solid customer base.
Down Payment: $162,500
Total Sales: $700,000
Cash Flow: $165,000
Inventory: $3,000 (Included in listed price)
FFE: $70,000 (Included in listed price)
Owner Financing: No
Franchise: No
Real Estate: No
Relocatable/Home-based: No
Reason For Sale:
Owner is looking to retire.
Training & Support:
Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.
Year Established: 2004
Employees: 2FT/6PT
Absentee Owner: No
Square Footage: 1,800 SF
Facilities Information:
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.
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. There is also a vacancy in the use of 3rd party delivery services such as Grubhub, Door Dash, and Uber Eats, etc. This could prove to be a quick and easy boost in sales that the new acquiring owner should seriously consider.
Financing/Terms:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
