Listing ID: 77157
Real Property is available for $1,100,000!
Located near a high traveled freeway, Hamburger Ranch has built a tremendous legacy through many years of great food and excellence ambiance. This “world famous” roadhouse is known for its juicy burgers, slow-cooked BBQ, specialty sandwiches, and much more. With plenty of parking, inside seating, and covered outdoor dining space, Hamburger Ranch is well-equipped to handle crowds of many sizes.
The kitchen has a Type-1 hood, four-burner range, two flat top grills, heat lamps, and a two-door refrigerated sandwich prep table. The service area has a countertop soda dispenser, one two-door glass beverage display refrigerator, a four-tap Beverage Air kegerator, and POS system. The dining area has more than enough seating with a combination of four-top and eight-top tables, booth seating, as well as a large wrap-around bar.
– Breakfast, Lunch, & Dinner
– Building: 3,721 sf
– Lot: 1.09 acres
– Rent: $8,000/mo.
- Asking Price: $175,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:3,721
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell businesses. However, the real factor and the one they tell you might be 2 completely different things. As an example, they may claim "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competitors, recent decrease in profits, or a range of various other factors. This is why it is extremely vital that you not count completely on a vendor's word, however instead, use the seller's solution along with your total due diligence. This will repaint an extra reasonable image of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses finance loans so as to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that revenue margins are too thin. Numerous businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that have to be met or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new clients? Most times, operating businesses have repeat customers, which create the core of their everyday profits. Particular elements such as brand-new competitors sprouting up around the area, roadway construction, and also staff turnover can impact repeat consumers and also adversely affect future incomes. One important thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the higher the chance to construct a returning customer base. A last idea is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood median household earnings effect future earnings prospects?