Iconic Hamburger Restaurant

Covington, LA (Saint Tammany County)

Seller Financing Available
Iconic Hamburger Restaurant
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Asking Price: Get Financing: $150,000

Cash Flow: $48,884

Gross Revenue: $408,482

EBITDA: N/A

FF&E: $118,000

Inventory: N/A

Established: 2009

Iconic Hamburger Restaurant

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Business Description

The burgers are sizzling, and this opportunity is too!
Serve your entire community with milkshakes and hamburgers with a New Orleans twist.

This company is a family owned and operated fast-casual restaurant that specializes in hamburgers, hotdogs, and milkshakes. This company was founded in 2009 and has established a strong local name for itself. The company’s 2017 revenue totaled over $400,000 and has a loyal customer base, typically comprised of families and longtime patrons.
They offer catering for business meetings, parties, or events of any size. Top chefs have ranked the company number one for diversified menu and loyal customers.
The company grinds their meat fresh every day and each patty is individually made. This company ensures high quality service and meals and differentiates itself from other fast food and hamburger restaurants through its authenticity of New Orleans history in a family environment.

Feed your community and wallet-- inquire today!!

Detailed Information

Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The location was built from the ground up in 2009, so the building condition is excellent.
Growth & Expansion:
One out of every four dollars spent within the food service channel in 2017 was spent on a handheld item, whether that was a sub, wrap, burrito or burger. Of the total $205.36 billion in food service sandwich sales in 2017, $90.57 billion were spent on burgers (that’s 44% of total sandwich sales), according to global market intelligence firm Technomic Inc. Burgers remain as popular as ever, constituting 44% of all handheld sales in the U.S. They are remarkably adaptable and often serve as the basis for flavor innovation in sauces, toppings and even proteins. The burger category has seen 3.2% in growth between 2013 and 2016, according to Technomic research, and the firm predicts 3.4% growth in the burger category between 2017 and 2019. The value is in the name as well. These hamburger restaurants have been in business for decades and are highly recognized throughout the Greater New Orleans area. Furthermore, this restaurant has high customer retention and possesses significant growth potential for a non-absentee owner. In addition, this company was rated as having the #1 burger by a well known chef, and has been ranked as a top burger restaurant by other local food connoisseurs as well.
Financing:
Financing Available Depending on the Offer
Support & Training:
The owner is willing to train for two weeks at no cost.
Reason for Selling:
The Owners are relocating.
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Chaps Tucker

Business Listed By:
Chaps Tucker

Seiler Tucker

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Sponsoring Broker:
Seiler Tucker, Inc. M&AMI, CSBA, CBB

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