Famous Gourmet Hamburger Joint #000311

Fort Worth, TX (Tarrant County)

Famous Gourmet Hamburger Joint #000311

Asking Price:$129,000

Cash Flow:$86,796

Gross Revenue:$559,357

EBITDA:N/A

FF&E:$60,000

Inventory:$4,000*

Established:2010

*not included in asking price.

Famous Gourmet Hamburger Joint #000311

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Business Description

Homemade gourmet burger restaurant made famous through a nationwide food channel is available for acquisition. Established in 2010 and was relocated in 2015 by the current owner. One competitor is within the immediate market area, but long exposure of this business on the food channel has built constant stream of customers. Majority of the customer foundation consists of age 40+ individuals and customer who visit during special events such as sporting events. Sales were around $725,000/year in 2015 with an expected increase to $750,000/year in 2016 after local marketing is proactively completed. Currently proactively marketed in social media websites and newspapers seasonally, but since the airing of this restaurant on the food channel has created consistent demand for this restaurant as word of mouth spreads. During seasonal promotions, sales increase instantly as these are times most individuals are free of time from school and/or work. Originally was designed for a steakhouse which explains the 5,000 SF facility which could be used to provide more seating and other accommodations. Surprisingly the 5,000 SF facility has an extremely low rent for the sheer size of this homemade burger joint and the size of this restaurant provides very ample kitchen space to work in. Products provided at this gourmet burger joint is their famous signature burgers with char-grilled ground beef, salads, gumbo, chicken strips, variety of sides, and desserts. This business is already a very successful gourmet burger restaurant, but has yet to reach the full potential the sales could be at in the later future.
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Inventory:
Not included in asking price
Employees:
3FT/12PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Almost 5,000 SF of space along with a private party room including a stage provides for ample seating and great scenery. All equipment is in impeccable condition and in working order.
Competition:
One competitor is within a 5 mile radius of this business, but due to the earlier recognition of this business on the food channel allows this business to attract more customers and have a dedicated customer foundation.
Growth & Expansion:
As a famous burger restaurant featured in a nationwide food channel, this business has been marketed out towards a wide array of individuals. Owner also does seasonal ADs which increases sales instantly and provides great deals.
Financing:
100% down at the time of closing or 50% cash down with SBA Financing for Qualified Bu
Support & Training:
Owner will provide training during a 4 week period for smooth transitioning into the business.
Reason for Selling:
Health Concerns.

Listing Statistics for Premium Members

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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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