MergerPlace

Fast Food Franchise

Texas (Lubbock)


  • Asking Price: Not Disclosed
  • Gross Income: $407,048
  • Cash Flow: $49,696
  • Real Estate: Not Disclosed
  • Inventory: $2,500
  • FF&E: $347,154
  • Listing ID: #209593
  • Established: 2018
  • Employees: 1 FT / 7 PT

Business Description

This gourmet burger franchise was opened in January 2018. Business showed profit in the first 5 ½ months and continues growth in 2018 with an absentee owner. The franchise is rapidly growing with over 160 locations opened and more being built. The business is ready for a new owner to open several more locations and continue to grow this location.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Texas
County: Lubbock

Company Information

Year Established: 2018
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 1 FT / 7 PT

Financial Information

Gross Revenue: $407,048
Cash Flow: $49,696
FF&E: $347,154
Inventory: $2,500
Seller Financing Available: No

Property Information

Facilities:

This burger franchise is located in growing, popular and strong location in a stable population situation in one of the most popular retail centers. The restaurant leases 1750 sq ft of space at a current rate of $3,991.00 monthly/$47,892.00 Annually. This lease price includes external common area maintenance such as sidewalks, and parking lot. The lease through 2023 and is an assignable lease.

Competition:

Other gourmet burger restaurants.

Reason for selling:

Family situation has changed and is relocating to another State to be closer to immediate family.

Support & Training:

Will train for 2 weeks @ $0 cost. New owner will need to obtain a food handlers and TABC certification.

Contact Business Seller

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Business Listed By:

David Powell

Murphy Business Brokers