Local Favorite Burger and Bar Spot
Asking Price: | $350,000 |
Gross Revenue: | $1,645,993 |
FF&E: | $50,000 |
Cash Flow: | $137,000 |
Rent: | $11,056/Month |
Established Year: | 2018 |
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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.
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