Established Burger Restaurant for Sale

Merion, PA (Montgomery County)

Established Burger Restaurant for Sale
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Asking Price: Get Financing: $122,000

Cash Flow: $51,500

Gross Revenue: $495,000

EBITDA: N/A

FF&E: N/A

Inventory: $3,000*

Lease Rate: $5.80 /SF/Month

Established: 2008

*not included in asking price.

Established Burger Restaurant for Sale

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Business Description

Serving organic beef & chicken burger and keeping environment clean.

Unique business opportunity of owning franchise brand or build your own brand. Providing the Main Line community the better option of a healthy menu for over 10 years. Located in a high-traffic area surrounded by big-name stores and boutiques, and is within a few blocks from several schools. We cater to organic, vegan, vegetarian, halal, allergy and health-conscious diets, without excluding the average meat-lover. Despite little advertising, traffic includes a consistent stream of repeat and first-time customers. The store is profitable and has enormous potential for an owner/operator. Buyer doesn't need to have any culinary expertise, but will need a passion for food
Buyer qualifications:
• $500K Net Worth
• $150K Liquid
• Credit Score of 700 or above

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,400
Lease Expiration:
N/A
Employees:
10
Facilities:
Situated in a well know shopping plaza with no other competition around. Store can seat upto 42 people. Furniture and fixture and all the cooking equipment are included. Shopping plaza has sufficient parking available. Digital P.O.S. system and camera system with remote access. Current inventory $ 3000 and franchise transfer fee of $15,000 is responsibility of the buyer.
Competition:
This is the only franchise chain offering organic made to order burger at the moment, giving an edge over all the other burger franchise and restaurants. Direct mail advertising, catering to local businesses, participate in local community events
Growth & Expansion:
Area growth projections and demographics shows continued profitability for the foreseeable future and great potential for revenue growth. Owner operator can boost both the sales and earnings of the store(2016 and 2017 sales were above 600K). Option of expansion is available if need more stores in the region. Pros being established you start earning money from the first day. knowing the volume of business is piece of mind and security. Cons need owner operator, decline in sales due to absentee ownership this year and sharing profit in Royalty fees
Support & Training:
Franchise corporate training and store operations training is available for two weeks plus existing employees can be hired. Employees: 2 FTE and 8 PTE
Reason for Selling:
Out of state owner
Franchise:
This business is an established franchise
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Business Listed By:
saif sattar

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