The Renowned Old Fashioned Hamburger Restaurant

Dallas, TX (Dallas County)

The Renowned Old Fashioned Hamburger Restaurant
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Asking Price: $899,000

Cash Flow: $293,917

Gross Revenue: $1,003,049

EBITDA: N/A

FF&E: $250,000

Inventory: $5,000*

Established: 1985

*not included in asking price.

The Renowned Old Fashioned Hamburger Restaurant

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Business Description

Well established renowned and award winning old fashioned hamburger restaurant is available for acquisition. This business was established over 30 years ago and was one of the first hamburger restaurants to introduce unique concept of toppings and condiment bar to create your own unique burgers and was first to introduce revolutionary menu items such as mushroom Swiss burgers and honey mustard chicken sandwiches that have stood over time. The decor, atmosphere, and the experience are also a one of a kind in the city, with hundreds of nostalgic antiques and memorabilia on the walls and shelves. The net sales average is approximately $100,000/month and it has been consistent in the past several years without any marketing or advertising other than word of mouth and returning loyal customers who have been coming for more than 20 years. The customers are well mix of demographics that come from all over the metroplex and have been loyal since the business was established. Lunch crowd is mix of office employees and local businesses from the surrounding area as well as local individuals and families and dinner crowd is mainly families within the surrounding area. Because this business has been around for so long and has been voted the best in the city by local newspapers and magazines, not much marketing and advertising were needed. However, there are other ways to increase overall sales by being more proactive on SNS and utilizing 3rd party delivery services. This business only uses top quality 100% Certified Angus Beef with homemade toppings and fresh condiments, fresh cut fries and old fashioned hand-dipped milkshakes. This business has tremendous reputation and has become a staple in the city of Dallas and its metroplex and has potential to expand to other cities as customers desperately plea to open in their cities. This business is already a successful establishment and has everything in place and will be a great opportunity for the potential buyer to expand and grow for further success.

Listing ID #000752
For more info, please call Kevin Chung at 1-866-519-2421.

Detailed Information

Inventory:
Not included in asking price
Employees:
11FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in 2,790 SF retail strip close to a major highway surrounded by apartments, local businesses, and corporate offices. All major kitchen equipment has been replaced within last 3-4 years.
Competition:
There are no other establishments like this business with its unique concept that serves top quality ingredients or that have reputation and history.
Growth & Expansion:
Currently there is no proactive marketing done, but more presence in the SNS would greatly increase its exposure. Current owner is not offering any catering or deliveries, but there is huge demand. By utilizing 3rd party delivery services, it could increase overall sales. This business is only serving limited variety of beer and wine and there is room to expand to build a full bar to serve mixed alcohol beverages as well as draft beer. Offering dessert would also have positive impact on overall sales.
Financing:
100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Bu
Support & Training:
The owner of the business will provide the necessary training needed to smoothly transition into the business operations.
Reason for Selling:
Retirement
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Contact the Seller

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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. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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