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Franchise Hamburger Restaurant

Location  Long Beach, California, United States
Asking Price Range  $250K - $500K
Gross Revenues  $500000
Net Profit / Cash Flow  $80000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1990
Number of Employees  6 - 9
Inventory  5000
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  4 weeks at 40 hours per week following close of escrow
Reason for Sale  Returning to home country

Location! Location! Location! This hamburger franchise restaurant is located at an upscale, prime busy corner where commercial offices and residential apartments meet and are aplenty. The business has been on this location since last 24 years and has a loyal client base due to the excellent service and quality of food served. The menu includes hamburgers made from fresh non-frozen meat, shakes, melts, sandwiches, salads, desserts, beer & wine, etc. They have very recently started a break-fast menu and are also now accepting catering orders. They have an ABC 48 license to serve beer and wine on premises. The sales are projected to increase by about 15% by end of 2015 due to remodeling and creating a bigger entrance to the store which will increase the visibility from both sides of the street and the completion of all the construction activity around the restaurant. The new building next door when completed by April 2015 will house an additional 68 apartments. The current take home of $80,000 plus is forecast to go above $ 100,000 by the end of 2015 with sales revenues projected to reach $575,000 plus. This well-equipped restaurant has a clean and cozy ambience with plenty of outdoor patio seating. Besides the 4 weeks of training provided by the franchisors the sellers will also train the buyer for an additional 4 to 6 weeks. The franchisors require that the potential buyer have a minimum net worth of $500k and some related experience. For more information email or contact Arnold Lee at (818) 342-5222 ext. 310 or Mike Jasani at 818-723-5150.

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