Fast Food Franchise

Business Opportunity for Sale
Catylist Listing ID: 30335089
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: See Agent
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 1/8/2019

Overview / Comments

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.

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Industry Segment: Restaurants
Reason for Selling: Moving to be closer to Family out of State
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0
Real Estate Lease Description: This 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.
Employee/Labor Description: 1 ft 7 pt
Mgmt/Training Support Description: Franchise Based Training
Competition/Market Description: Other gourmet burger restaurants.
Growth/Expansion Opportunities: Main growth avenues are delivery, catering, adding new locations and continued marketing to enhance growth of the current location. The owner has a strong some strong relations with organization needing repeat catering that is establishing a solid catering opportunity. Catering can comprise many different forms and services for a new owner, including private parties, class reunions, bridal and baby showers, children’s birthday parties, charity events, corporate trainings, luncheons, meetings, and much more. Building and maintaining a database of prospective catering customers and communicate with them regularly using digital marketing suggesting new reasons to cater. A new owner may consider partnerships with full-time catering companies, hotel catering, etc, to generate more business with less work.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 30,269 103,930
Median Age: 39.06 36.46
Households: 12,010 41,781

Contact

Photograph of Listing Agent

David Powell, CCIM

The Powell Group at Keller Williams Commercial
West Texas CIE Member
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