Iconic Fast Casual Restaurant w/High Volume Sales

Not Disclosed, TX
Gregg County


Asking Price: Annual Revenue:
$599,000 $523,858

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Iconic Fast Casual Restaurant w/High Volume Sales Broker: Jeff Petersen
Owner Financing is Available!
$100,000.00

Quick Facts

Asking Price: $599,000
Annual Revenue: $523,858
Net Profit: Not Disclosed
Cash Flow: $88,987
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 1974
Employees: 4
BBN Listing #: 245256926
Broker Reference #: 88882-976976

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Business Overview:

This listing is for a high volume fast food concern with a great location. This restaurant is NOT a franchise so there is no outside interference and there are no royalties to pay. Top line and bottom line revenues have risen year-over-year consistently for the 30 year history of this business. It is located in the perfect place to take advantage of a huge lunch crowd, drive through customers heading home for the day and significant traffic on Friday and Saturday. This business is a local institution and will continue to be for decades to come.

Business has grown consistently through Covid even though the owners have reduced the number of days open and even decided to close earlier.

The real estate, equipment, building and name are all to be conveyed at closing. With the real estate included there is no rent to pay!

The business was started 48 years ago as a franchise of an existing chain. In 1987 the owners dropped the franchise, the current owner took it over and made it "Hot Dog Express" and it has been operated as an independent restaurant ever since.

There are many other fast food and fast casual restaurants in the area which is typical for this location as it is densely populated with office, commercial and retail establishments.

After 35 years of ownership and operation the current owners admit that they do little to promote the business. The fact that revenues continue to grow anyhow points to a potentially larger revenue increase with the proper advertising. There may also be opportunities for growth through menu and/or price changes. The quickest and easiest way to increase revenue is to stay open later and open up six or seven days a week. Currently the store is closed on Sundays an Mondays. Also, the owners recently moved the closing time from 9:00 PM to 7:00 PM.

Call now to see this opportunity because it won't last long!

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Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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