Profitable Fast-Casual Gourmet Burger Restaurant
Not Disclosed, UT Not Disclosed
Seller's Contact Information
- RE: Profitable Fast-Casual Gourmet Burger Restaurant
- Contact: Diane Warsoff
Quick Facts
| Asking Price: | $299,000 | |
| Annual Revenue: | $669,342 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $118,400 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $71,832 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2017 | |
| Employees: | 12 | |
| BBN Listing #: | 662350336 | |
| Broker Reference #: | 15541-870770 |
Business Overview:
This fast-casual concept serves made-to-order gourmet burgers, thick-cut French fries and other sides, and ice cream shakes, all made with high-end ingredients. The menu features specialty burgers with unique add-ons, as well as a “make your own” option and vegetarian alternatives. The franchise provides a loyalty app and online ordering. The restaurant could be run by an absentee or semi-absentee owner, at it is fully staffed, and 50% of the employees have been with the business for more than 2 years.
The franchise started in 2009 in Maryland, and the current location opened in 2017. The owners work part time in the business, along with a full-time manager. It is located in a high traffic area, near apartment buildings, shopping and office buildings, all in a walkable neighborhood. The business offers take-out and delivery through reputable third parties such as DoorDash, UberEats, GrubHub, and PostMates, which helped during COVID.
This is a great opportunity to purchase an operating franchise at a discount vs. starting from scratch. There are several other burger franchises in the area, but this business offers high-end food at a higher price point. Another differentiating factor is that the restaurant offers catering, which represents up to 15% of total sales.
The business already benefits from the exponential growth in the area, including efforts to improve walkability, and it continues to grow. A new owner could expand the catering services, focus on local marketing, be more involved in the community, such as fundraising and sponsorship of local organizations to increase visibility.
Corner storefront on a street with other shops and restaurants. Location is close to several strip malls with strong anchors, high-end apartment buildings and office buildings, in a walkable neighborhood. Rent includes all CAM costs.
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Reason for Selling:
other business interests
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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