BGR- The Burger Joint

Business Opportunity for Sale
Catylist Listing ID: 30190847
Property Subtypes: Food and Beverage
Building Size (RSF): 1,725 SF
Sale Price: $150,000
Name of Establishment: BGR- The Burger Joint
Business Website Address: www.bgrtheburgerjoint.com
Franchise Parent Name: Chanticleer Holdings, Inc.
Year Business Established: 2011
Gross Revenue: $426,000 (Annual)
Cash Flow: $60,482 (Annual)
Cash Flow Type: EBITDA
Relocatable Business: Yes
Sale Terms: Seller Financing available for qualified buyer with cash down.
Last Updated: 5/8/2018

Overview / Comments

Gourmet Fast Casual Burgers in Memphis. Burgers cooked to temperature in a open flame. Features award-winning Ahi-Tuna, Turkey and Chicken items. This offering is for an established growing franchise. Strategically located on one of the highest traffic intersections in Memphis. This could be a chance to jump onto the next bust out franchise in the popular fast casual market. Current owner is a multi-business entrepreneur and has proven this franchise to be a money-maker if given the attention it deserves. Occupying 1,725 square feet in a Class A Shopping Center surrounded by other premium fast casual brands, the corporate neighbors pack this shopping center at lunch and after work.

Additional Details

Nearest MSA: Memphis
County: Shelby
Industry Segment: Restaurants
Reason for Selling: Current owner operates multiple businesses and wants to commit more resources to expansion.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Original NNN Lease 120 months with approximately 48 months remaining.
Employee/Labor Description: 5-6 part-time employees. 1- full-time manager.
Mgmt/Training Support Description: Current owner will stay on for training as negotiated.
Growth/Expansion Opportunities: Current Franchise Agreement includes expansion opportunities in the Greater Memphis Area.
Seller Financing Description: Seller will consider financing with substantial down payment and acceptable credit.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,665 92,924 272,017
Median Age: 44.1 38.78 35.04
Households: 3,829 38,681 107,539
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