10 Year Est Homemade Hamburger Joint #000260

Dallas, TX (Dallas County)

10 Year Est Homemade Hamburger Joint #000260

Asking Price:$165,000

Cash Flow:$85,000

Gross Revenue:$380,000

EBITDA:N/A

FF&E:$50,000

Inventory:$3,000

Established:2007

10 Year Est Homemade Hamburger Joint #000260

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Business Description

Well established home-made hamburger restaurant located in Dallas County is now available for acquisition. Established in 2007 occupying 1,800 SF in a retail strip center and acquired in 2008 by the current owner of the business. The owner of this establishment had minimal involvement in the beginning of the operation, but now currently works 10-12 hours a week until another employee is hired. This is not including the other 10-12 hours spent weekly to personally go to the market to stock up on fresh ingredients daily at the business. Customers who visit this location are known to consist mainly of employees from surrounding companies during lunch hour and more family-orientated during dinner hours. There's competition within the immediate market area, but the competitor hasn't affect the sales of this location since the competitor offers high priced burgers along with focusing mainly on dinner sales. While marketing has been done consistently over a period of 7-8 years with "Valpak," more proactive marketing in different areas would be ideal to raise sales. Marketing tactics such as Online Ads, Magazine Ads, School Fund-Raising, and/or Catering will boost sales immensely. It would be ideal to proactively market out to the local areas, but the interior is outdated and is in need of renovations to increase sales further above marketing alone. All equipment is in excellent condition which has been maintained immaculately throughout the years of operation. Currently the owner is making a cash flow of $7,000/month with very minimal involvement at the business, but if the owner was to involve him/herself more into the operation the cash flow is projected to increase greatly. Surprisingly, the sales is $30,000-$35,000/month without the renovation of the business, but if given a fresh new renovation the sales would increase tremendously. They offer products such as freshly made hamburgers with homemade burgers, Idaho Potato Fries, variety of sandwiches, salads, and the famous trademarked hamburger which is the best seller of the operation. This is an opportune moment to acquire this well established hamburger restaurant located in Dallas County.
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Inventory:
Included in asking price
Employees:
3FT/3PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,800 SF Restaurant located in the hub of a large commercial area. Currently the interior of the operation is somewhat outdated, but all equipment is still impeccably excellent condition.
Competition:
New competition has shown up in the immediate market area, but customer base is entirely different as the competitor focuses on high price products and the sale of beer/wine.
Growth & Expansion:
Valpak has been the main source of marketing for the last 7-8 years. More proactive marketing is needed such as online AD, school fund-raising, and local magazine AD to take this business to the next level. Also, major renovation is necessary to increase overall sales. Sales are at $30,000-$35,000/month without renovation or upgrades, so it's projected to drastically increase sales after the renovation of the whole interior of the operation.
Financing:
100% down at the time of closing or 50% cash down with SBA financing for qualified bu
Support & Training:
Owner will provide necessary training during a period of 2 weeks for smooth transitioning into the operation.
Reason for Selling:
Other Opportunities.

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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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