Listing ID: 79416
PRICE REDUCED THIS IS ONE OF THE BEST WELL KNOWN BRANDS IN THE US. WITH LOCATIONS ALL OVER THE US THEY ARE REDEFINING THE FAST FOOD BURGER. LOCATED IN A BUSY SHOPPING PLAZA THIS LOCATION IS CURRENTLY DOING OVER $1MM PER YEAR. They are committed to providing the best burger experience. That’s why they serve chef-created, fresh food in an eco-friendly environment. they use 100% natural American Angus Beef with no steroids, antibiotics, or growth hormones. they also serve premium Wagyu Beef, cage-free Chicken, award-winning Vegi Burger, Beyond Meat Burger, and more! Not to mention the Fresh-Cut Fries and Beer-Battered Onion Rings or the delicious Frozen Custard Desserts. This is an American hamburger restaurant chain aimed at the “better burger” sector of the market. They are a fast-casual better burger concept with approximately 120 franchised and corporate-owned restaurants, renowned for delivering an exceptional, all-natural premium burger experience in contemporary and sustainably designed restaurants. Originally established in February 2011 in sunny Lauderdale- by-the-Sea, Florida, the purpose was simple – Redefining the way the world eats burgers. Today, their mission is Redefining the way the world eats burgers and enriching lives through the best burger experience. They are committed to serving fresh food made with responsibly sourced ingredients in an eco-friendly environment. DON’T MISS THIS OPPORTUNITY! FINANCING MAYBE AVAILABLE TO A QUALIFIED BUYER! Please refer to listing 7301180755, Business Broker John Devries 772 260-7647 when you inquire about this listing.
- Asking Price: $450,000
- Cash Flow: $209,960
- Gross Revenue: $1,049,800
- EBITDA: N/A
- FF&E: $350,000
- Inventory: $8,000
- Inventory Included: Yes
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:18
- Furniture, Fixtures and Equipment:N/A
Lease/Month: 11,600 Square Footage: 2,000 Building Type: PLAZA Terms & Options: 2 FIVE YEAR OPTIONS Expiration Date: 10/30/2022
1 week training at no cost
Non Compete : Miles: 25 Years: 5
This Business Is An Established Franchise
The venture was founded in 2017, making the business 5 years old.
The sale shall include inventory valued at $8,000, which is included in the asking price.
The company has 18 employees and is situated in a building with disclosed square footage of 2,000 sq ft.
The real estate is leased by the business for $11,600 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell operating businesses. Nonetheless, the true reason and the one they say to you may be 2 totally different things. For instance, they might say "I have way too many various commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might simply be reasons to try to hide the reality of transforming demographics, increased competition, recent decrease in revenues, or a variety of other reasons. This is why it is really crucial that you not rely totally on a seller's word, however instead, use the vendor's answer together with your overall due diligence. This will paint a more sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering items such as supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that revenue margins are too thin. Numerous businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that should be satisfied or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in brand-new customers? Many times, operating businesses have repeat consumers, which create the core of their day-to-day earnings. Specific factors such as brand-new competition growing up around the location, road building, and also staff turn over can influence repeat customers as well as adversely affect future earnings. One important point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the greater the chance to construct a returning consumer base. A last idea is the general location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? Just how might the regional median family earnings effect future earnings potential?