Restaurant business for sale serving burgers 001258
Price: $239,000
Location: Tarrant County, Texas
Industry: Restaurants & Food/American Restaurants
Listing ID: 001258
Restaurant business for sale serving burgers. This established award-winning burger restaurant with growing sales is available for acquisition. The burger restaurant is known for its high-quality never, frozen beef, unique burgers that are cooked to order in a timely manner. This burger restaurant was established in 2012 and later acquired by the current owner in 2018. The current owner has innovated the burger menu and operation process, which has helped this restaurant maximize its efficiency while increasing revenue and profit margins. Revenues have been growing year-over-year with a double-digit percentage growth with monthly sales between $40k - $42k. The business is expected to continue this growth throughout 2023 with monthly revenue projections of $45k to $48k and beyond from current marketing efforts and as word-of-mouth spreads from its loyal fans. This burger restaurant occupies 1,839 sq ft of space in a retail shopping center, anchored by a prominent national grocery store and surrounded by many national retailer chains that bring immense traffic to the shopping center. The business has digital screens for the menu and the kitchen, giving a modern trendiness to the restaurant while increasing operational efficiency for the kitchen. The current owner works Full-Time at the restaurant and is involved in bookkeeping, payroll, inventory, and day-to-day operations. Although some burger restaurants are in the immediate area, none are direct competitors from the current restaurant as its products are on a different tier and have a different customer base from the typical chains. While the restaurant is projected to continue its double-digit percentage growth for 2023, many strategies could still be implemented to continue this growth for years to come, with additional marketing to reach new customers from untapped areas nearby and extend hours as the business is currently operating with minimal hours. This business is an excellent opportunity for a buyer seeking an established restaurant that continues to grow and help reach its full potential.
Down Payment: $59,750
Total Sales: $497,549
Cash Flow: $82,711
Inventory: $3,000 (Included in the listed price)
FFE: $30,000 (Included in the listed price)
Owner Financing: No
Franchise: No
Real Estate: No
Relocatable/Home-based: No
Reason For Sale:
Family reason
Training & Support:
The owner will train for two weeks for a smooth transition.
Year Established: 2012
Employees: 1FT/2PT
Absentee Owner: No
Square Footage: 1,839 SF
Facilities Information:
This burger restaurant occupies 1,839 sq ft of space in a retail shopping center, anchored by a prominent national grocery store and surrounded by many national retailer chains that bring immense traffic to the shopping center. The business has digital screens for the menu and the kitchen, giving a modern trendiness to the restaurant while increasing operational efficiency for the kitchen.
Competition:
There are no direct competitors as this burger restaurant provides a unique menu with quality ingredients and made to order system that can execute on a consistent, timely basis, which is hard to come by for a burger restaurant.
Potential Growth:
The business has been established for over 11 years. It continues to attract new customers from word-of-mouth and social media advertising, leading to revenue growth and profit margins for this established restaurant, even with limited hours. Still, it has recently gained increased attraction as the owner has continued bringing unique, quality burgers to the local area, which has won the business an award recently.
Financing/Terms:
100% down at closing or 25% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
