Established Old Fashioned Hamburger Restaurant

Not Disclosed, TX
Dallas County

North Dallas


Asking Price: Annual Revenue:
$675,000 $1,047,206

Food & Beverage: Miscellaneous


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RE: Established Old Fashioned Hamburger Restaurant Broker: Kevin Chung
License #: 567204

Quick Facts

Asking Price: $675,000
Annual Revenue: $1,047,206
Net Profit: Not Disclosed
Cash Flow: $271,475
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1985
Employees: 9
BBN Listing #: 690219188
Broker Reference #: 001074

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Business Overview:

Over 35-Year established, renowned, and award-winning family-owned old-fashioned hamburger restaurant is available for acquisition. This business was established over 35 years ago and was one of the first hamburger restaurants to introduce the unique concept of toppings and condiment bar to create your own unique burgers and was the 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 experience are also one of a kind in the city, with hundreds of nostalgic antiques and memorabilia on the walls and shelves. The annual gross sales average is approximately over $1,000,000, with the exception of 2020 due to the pandemic, but 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. After the peak of the pandemic, the sales have rebounded in 2021 slowly but surely and are on track to record similar sales pre-pandemic. The customers are a well mix of demographics that come from all over the metroplex and have been loyal since the business was established. The lunch crowd is a mix of office employees and local businesses from the surrounding area as well as local individuals and families and the 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 all social media outlets, especially utilizing 3rd party delivery services or offering in-house delivery with additional staff, and also capitalizing on the sale of the dressing, which is homemade and always has been a high demand from the customers. 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 a tremendous reputation and has become a staple in the city of Dallas and its metroplex and has the 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 including the staff, some who have been with the business for over 15 years, and will be a great opportunity for the potential buyer to expand and grow for further success. With a younger or more pro-active owner-operator, there is a huge potential to grow the business by proactively marketing the business, implementing retail sales of the dressing, and possibly expand to other cities, which has been a huge demand for years.

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Property Features and Assets:

This business is located in a 2,790 Square Feet space of retail strip center close to a major highway surrounded by many apartments, local businesses, and corporate offices. All major kitchen equipment has been replaced within the last 3-4 years. / Inventory: $2,500 (Not Included in listed price).

Market Competition and Expansion:

Competition: There are no other establishments like this business with its unique concept that serves top-quality ingredients, or that has reputation and history. Growth and Expansion: Currently, there is no proactive marketing done, but more presence in the SNS would greatly increase its exposure. Despite a huge demand, the current owner is not offering any catering or 3rd party/in-house deliveries. By utilizing 3rd party delivery services, it will definitely increase overall sales. This business is only serving a 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 a positive impact on overall sales. The demand for the sale of homemade dressing and requesting to open in other cities has always been there. For more active and younger owner-operators, the potential is limitless to further grow the business and the brand.

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.

Documents:

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