Business Overview

Prime, corner location in Downtown Dallas. The business was established in the fall of 2019 by the current owners and survived the Covid 19 restrictions and closures of 2020. The current owners invested over $250,000 for finish out expenses and new FF&E purchases.

Menu items include hand crafted burgers, grilled chicken, bone-in chicken wings, boneless chicken wings, cocktails, milk shakes and more.

Sales are currently averaging $35,000 to $40,000 a month with a net profit margin of 11%. A new owner can keep the same concept, gradually convert to another or plan for a full conversion.

Even though this has a franchise brand, the sellers pay no royalty or development fees to the franchisor. Technically, this an independently owned restaurant with no obligations to the franchisor.

The business has a liquor license and a purchase of the LLC is a possibility to keep the license active and operating for a new owner.

More information will be provided to qualified buyers who sign an NDA and complete a buyer profile.

Financial

  • Asking Price: $120,000
  • Cash Flow: $45,842
  • Gross Revenue: $410,545
  • EBITDA: N/A
  • FF&E: $48,611
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,243
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The business is located on a high-profile corner within the Central Business District of Downtown Dallas. There is 1,243 sf indoors plus an approximately 1,000 sf covered patio. The FF&E was purchased new in mid-2019 and the business opened in November of 2019. Occupancy cost is good at 11% of sales. The target for most restaurants range 8% to 12% of gross sales.

Is Support & Training Included:

The seller is willing to train for 30 days. There is a full time GM who manages the day to day operations.

Purpose For Selling:

The seller has a full-time public service position elsewhere and needs to focus

Pros and Cons:

Competition is inevitable in the restaurant industry. This business enjoys being the only burger and wing concept in the general vicinity

Opportunities and Growth:

A buyer could keep the current concept or convert to a new one. There are areas that could improve business sales such as a high-quality website with on-line ordering, increased social media impressions, relationships with reasonably priced 3rd party delivery services and relationships with the local visitors and convention bureau.

Additional Info

The company was founded in 2019, making the business 3 years old.

The company has 5 employees and resides in a building with approx. square footage of 1,243 sq ft.
The real estate is leased by the business for $3,874 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals decide to sell businesses. Nonetheless, the true factor vs the one they say to you might be 2 totally different things. For instance, they might say "I have too many other responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be justifications to try to hide the reality of transforming demographics, increased competitors, current reduction in incomes, or a range of other factors. This is why it is very essential that you not depend absolutely on a seller's word, however rather, utilize the seller's response combined with your total due diligence. This will paint an extra sensible image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Lots of companies take out loans in order to cover items like inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can imply that earnings margins are too small. Many companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that need to be met or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area draw in brand-new consumers? Many times, operating businesses have repeat customers, which form the core of their daily profits. Certain variables such as new competitors growing up around the location, road building, as well as staff turnover can influence repeat customers as well as negatively influence future earnings. One essential point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business on a regular basis, the higher the chance to construct a returning client base. A final idea is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? How might the local typical home income influence future earnings potential?