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Established Franchise Restaurant - Beer & Wine - High Net, Low Cost

Ventura, CA (Ventura County)

Established Franchise Restaurant - Beer & Wine - High Net, Low Cost
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Asking Price: $299,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: $15,000

Rent: $4,500 /Month

Established: 2018

Established Franchise Restaurant - Beer & Wine - High Net, Low Cost

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Business Description

Accepting all offers now due to immediate family move

Fastest growing franchise opportunity for sale in best part of Ventura city close to beach. Burgerim has been recognized as the fastest growing franchise business in US. To date, there are stores in 15 states and additional franchises are planned across the country. Their projections show that they will be operating nearly 500 stores in the United States by the end of 2019.
Burgerim has an easy operation with a simple, yet appealing menu with consistent sales and loyal customers. Menu includes gourmet burgers plus jumbo wings, shake and beer/wine. We also offer Gluten-Free, Vegetarian, and Vegan options that are very popular. This location offers a wide selection of popular local and international beers, wine & Sangria.
Business has few active social media accounts that can be transitioned to the new owner. It also has over 4-star ratings on popular websites and platforms such as Google, Facebook and Yelp. Store is well known in town for great customer service and food quality. Store has been rated constantly with over 90% satisfaction rating by Franchisor’s assessment.

Growth & Expansion: New owner can expand this already profitable business further with extending the hours and offer full breakfast menu or extend the closing hours to 2 am. It also has great potential to expand catering services locally in addition to hosting more events for chamber and local agencies. Business has already partnered with major delivery companies such as Grubhub, Ubereats and so on however, adding advertisement campaigns on these platforms could have significant return.
Additionally, current ownership dedicates very minimum time and resources for advertisement and promotion of this business and most of its customers are established repeat or referral, therefore, upside potential, additional revenues and resulting higher bottom line may be realized by actively engaging in local advertisement campaigns and attending local business-related events.
Real Estate: Leased
Building SF: 1300
Lease Expiration: March 31, 2027-Option to extend for 10 yrs (2*5 yrs)

Detailed Information

Location:
Ventura, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,300
Lease Expiration:
3/31/2027
Employees:
12
Facilities:
Owner spent over $600,000 to build the restaurant from base. High end systems such as 4K security cameras, alarm system, TVs and digital menu are included. Kitchen and dining FFE are all turn-key ready. All top brand equipment that have been requested by franchisor will be included. All the equipment and furniture have been purchased almost a year ago, so they are all under warranty. They have been maintained well so seller doesn’t expect any excessive maintenance on them for few years.
Competition:
Only specialized burger restaurant in the downtown area. Unique concept with great market growth. Business is located at the busiest part of Downtown Ventura.
Growth & Expansion:
See summary description
Financing:
financing could be available through franchisor
Support & Training:
Training available by owner (limited) and franchisor. Current employees are well trained and performing well with minimum supervision. New owner can run the store from day 1 with no difficulties. Great potential to minimize payroll cost if new owner can work at store.
Reason for Selling:
Absentee owner, needs to relocate because of his primary job and family.
Franchise:
This business is an established franchise
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Business Listed By:
Allan T

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