$10K PRICE DROP Classic American Burger Shop East Valley 25+ years
Mesa, AZ
| Asking Price: | $285,000 |
| Gross Revenue: | $353,000 |
| Rent: | $2,300 |
| Established Year: | 1999 |
| Cash Flow: | $108,340 |
| Inventory: | $6,000 |
| FF&E: | $100,000 |
Listing ID: 2221454Listing provided by BizBuySell
BUSINESS DESCRIPTION
$10k PRICE REDUCTION FRESH never frozen ground beef hamburgers... local home-made pies... ice cream malts/shakes and ambiance. Step back into the 50's corner burger/malt shop and this is what you will experience dining at this popular restaurant. Large portions of home cooked food with an attentive staff and owner who is actively running the restaurant daily. The booths are inviting with a dining counter for quick service and the kitchen environment is spotless. You can see the owner takes pride in his restaurant.
DETAILED INFORMATION
Location
Mesa, AZ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,307
Lease Expiration
26/07/2026
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Situated in a regional retail shopping center on major cross-streets in Mesa, the owner has meticulously kept up the appearance of this restaurant. Seating options are booths and sitting at the counter. A large display of pies and aroma of cooking food keep this place Best Of Phoenix several times over the past decades.
Competition
There are many choices of hamburgers in America with one on nearly every major intersection. Those fast food places cannot compare to Fresh Ground Beef.. never frozen... and all scratch made food. Generations of customers have been frequenting this classic restaurant for 25 years. Lot of burger competition... NONE can match the quality
Growth & Expansion
Most every restaurant in America is experiencing labor shortage and this one is no exception. The owner had to scale back the hours of operation to Wed - Sunday from 11am to 8pm. Adding more days and hours of operation will greatly increase gross sales. He has the records showing much higher sales and profits in the years leading up to the pandemic. This is also a concept that has been explored for Franchising opportunities if a new owner is so inclined
Support & Training
Seller will help the Buyer transition into the business by working for two weeks free of charge. Any required assistance beyond can be agreed upon in a consulting agreement outside of the business sale. Seller will introduce all the vendors and purveyors active in the current business operations
Reason for Selling
Retiring - After putting his children through school, its time for him to retire
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