Reduced Price! Franchise Burgers or Conversion Opportunity

The current owners are absentee and have other interests that take away their time and attention. The restaurant needs a hands on owner/operator to be successful or a new owner could convert to a new concept. The sellers spent over $200k in leasehold improvements and FF&E and the rent is under market. The restaurant is located on an endcap off a very busy thoroughfare in a fast growing community and is prime to be profitable or be converted. Seller's are willing to entertain reasonable offers and open to a seller note for a quick transaction. Occupancy costs are under 10% however food purchases ran 37% and payroll and contract labor expense was 39% in 2020. An owner operator could get these prime costs to 60%-65% and save over $80,000 a year if they kept the same concept. Purchasing the business entity that owns the business may be an option where all permits and licenses stay in place. The seller will entertain carrying some of the note but prefers an all cash deal. Location: Tarrant County, Texas Year Established: 2020 Number of Employees: 6 Franchise: Yes Real Estate: Leased Building Sq. Ft.: 2,593 Rent: $6,800.00 Per Month Lease Expiration: 6/30/2024 Facilities: 2593 SF end cap with patio in newly constructed strip center off of a high traffic thoroughfare. The FF&E is lightly used. Owners spent over $200,000 in leasehold improvements and FF&E. A buyer could keep the concept or convert to their own. Market Outlook/ Competition: Competition is inevitable in the restaurant industry. This burger franchise only serves fresh angus beef, hand cut fries and onion rings, premium cocktails, craft beer, daily specials, car shows and more. The community is fast growing and needs quality restaurants to satisfy demands. Growth & Expansion: An owner operator can create a profitable business very quickly and there are options with the franchisor to expand into more locations. The business would benefit from more of an on-line presence and marketing, ease and effectiveness of ordering on-line for pick up, engagement with the local community and more.