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Local Favorite Burger and Bar Spot
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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.
Listed By: Aaron Evans
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.
Ad#:2230635
Listed By: Aaron Evans
Background information
Reference:
TR1080
Year established:
2018
Reason selling:
The partners are absentee and have other business interests.
Finance
Sales:
$1,645,993
Profits:
$137,000
Operations
Employees:
27
Equipment:
Included in asking price $50,000
Premises
Facility:
Located on an end cap off of a busy thoroughfare. Equipment is in working condition and a buyer has the right to inspect.
Rent and lease terms:
$11,056 per Month
Location:
Waxahachie, TX
Opportunities
Growth:
A new owner could engage with the franchisor about additional marketing initiatives, rotating burger specials, boozy milkshakes and more.
Price and terms
Price:
$350,000
Training:
Sellers and franchisor will ensure a smooth transition.