Seller's Contact Information
- RE: Growing Burger Restaurant
- Contact: Joseph Kim
- License #: 567204
Quick Facts
| Asking Price: | $239,000 | |
| Annual Revenue: | $497,549 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $82,711 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 30,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2012 | |
| Employees: | 3 | |
| BBN Listing #: | 832219188 | |
| Broker Reference #: | 001258 |
Business Overview:
Established award-winning burger restaurant with growing sales is available for acquisition. The burger restaurant is known for its high-quality never, frozen beef, unique burgers that are cooked to order in a timely manner. This burger restaurant was established in 2012 and later acquired by the current owner in 2018. The current owner has innovated the burger menu and operation process, which has helped this restaurant maximize its efficiency while increasing revenue and profit margins. Revenues have been growing year-over-year with a double-digit percentage growth with monthly sales between $40,000 - $42,000. The business is expected to continue this growth throughout 2023 with monthly revenue projections of $45,000 to $48,000 and beyond from current marketing efforts and as word-of-mouth spreads from its loyal fans. This burger restaurant occupies 1,839 square feet of space in a retail shopping center, anchored by a prominent national grocery store and surrounded by many national retailer chains that bring immense traffic to the shopping center. The business has digital screens for the menu and the kitchen, giving a modern trendiness to the restaurant while increasing operational efficiency for the kitchen. The current owner works Full-Time at the restaurant and is involved in bookkeeping, payroll, inventory, and day-to-day operations. Although there are some burger restaurants within the immediate area, none are direct competitors as this burger restaurant products are on a different tier and have a different customer base from the typical chains. While the restaurant is projected to continue its double-digit percentage growth for 2023, many strategies could still be implemented to continue this growth for years to come, with additional marketing to reach new customers from untapped areas nearby and extend hours as the business is currently operating with minimal hours. This business is an excellent opportunity for a buyer seeking an established restaurant that continues to grow and help reach its full potential.
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Property Features and Assets:
This burger restaurant occupies 1,839 square feet of space in a retail shopping center, anchored by a prominent national grocery store and surrounded by many national retailer chains that bring immense traffic to the shopping center. The business has digital screens for the menu and the kitchen, giving a modern trendiness to the restaurant while increasing operation efficiency for the kitchen. / Inventory: $3,000 (Included in listed price).
Market Competition and Expansion:
Competition: There are no direct competitors as this burger restaurant provides a unique menu with quality ingredients and made to order system that is able to execute on a consistent, timely basis, which is hard to come by for a burger restaurant. Growth and Expansion: The business has been established for over 11 years. It continues to attract new customers from word-of-mouth and social media advertising, leading to revenue growth and profit margins for this established restaurant, even with limited hours. Still, it has recently gained increased attraction as the owner has continued bringing unique, quality burgers to the local area, which has won the business an award recently.
Reason for Selling:
Family reason.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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