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Fred's Frozen Custard & Grill

Milwaukee, WI (Milwaukee County)

Fred's Frozen Custard & Grill
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Asking Price: $329,000

Cash Flow: $47,000

Gross Revenue: $326,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $203,750

Established: 1967

Fred's Frozen Custard & Grill

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Business Description

Popular Milwaukee Carry Out Restaurant for Sale

Since 1967, Fred’s Frozen Custard & Grill has been serving frozen custard treats alongside such classic made-to-order American fare as jumbo 1/3 lb. burgers, Italian beef sandwiches, Chicago Dogs, and other grilled sandwiches and sides. Nestled in the Washington Heights neighborhood on Milwaukee’s west side, this popular carry-out restaurant enjoys a loyal customer base. Milwaukee Magazine has called Fred’s the “best place for a quick meal,” and the Milwaukee Journal-Sentinel has called it “one of Milwaukee’s local treasures.” Seller is willing to consider a sale without the real estate with a triple net lease to Buyer.

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
967
Facilities:
The kitchen offers a mix of new and used equipment including a newly refurbished walk-in cooler, new refrigerated prep table, new security DVR, and new kitchen controller, monitor, and bump bar. The curb strip along 48th Street is used for outside seating in the summer (sale includes four picnic tables and commercial umbrellas).
Competition:
Fred's draws residents from the Washington Heights, Martin Drive, and Washington Park neighborhoods and a lunch crowd from such nearby employers as the Milwaukee Public Schools Administration Building, Milwaukee Police Department, Harley Davidson, Miller Brewing, and numerous businesses located in the nearby State Street industrial corridor. Fred's is the sole fast food restaurant on West Vliet Street east to 35th Street. West Vliet Street has an average daily traffic count over 8,000.
Growth & Expansion:
The new owner could potentially increase revenues through the use of delivery platforms (e.g. Door Dash, Eat Street, and Uber Eats)and social media.
Support & Training:
Seller is willing to provide training.
Reason for Selling:
Going boating.
Business Website:
http://fredsfrozencustard.com
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Business Listed By:
James Carter

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