Local Favorite Burger and Bar Spot

Waxahachie, TX
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Sale Pending
Asking Price:$350,000
Gross Revenue:$1,645,993
FF&E:$50,000
Cash Flow:$137,000
Rent:$11,056/Month
Established Year:2018
BUSINESS DESCRIPTION

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Local favorite franchise restaurant is now available for purchase. Serving fresh, never frozen Angus beef burgers on homemade buns, fresh cut fries, hand dipped onion rings and full bar offerings, this place is a great lunch and dinner spot in a growing area of Ellis County. There are 3 full time managers and 24 full/part time staff, the owners are absentee but take a monthly payment from the business. The franchise agreement has expired and a new owner can negotiate directly with the franchisor for favorable terms for a new agreement. Another option is the convert to another concept but there are intellectual property concerns (recipes, marketing, etc.) that could make that a challenge but not impossible.


DETAILED INFORMATION
Location
Waxahachie, TX
Inventory
Not Included in asking price
Real Estate
Leased
Employees
27
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Located on an end cap off of a busy thoroughfare. Equipment is in working condition and a buyer has the right to inspect.
Growth & Expansion
A new owner could engage with the franchisor about additional marketing initiatives, rotating burger specials, boozy milkshakes and more.
Support & Training
Sellers and franchisor will ensure a smooth transition.
Reason for Selling
The partners are absentee and have other business interests.
Franchise
This business is an established franchise
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Aaron
Evans
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Aaron Evans