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Six day A Week Free Standing American Diner For Sale

East Fort Worth, Tarrant County, Texas, US
Asking Price:
$249,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$600,000
Cash Flow:
$140,000

Old fashioned style fast food hamburger/American restaurant with drive thru established for over 17 years placed in a prime location in East Fort Worth is now available for acquisition. This business was originally established by the current owner in 2004. This American diner occupies a 1,800 SF space of free standing building featuring convenient drive-thru next to an intersection surrounded by heavy industrial area as well as densely populated residential neighborhoods. This business is located in a prime location right next to main road of the city with great visibility and has easy access to the store as well as ample parking space to accommodate for large groups. Most of customers are individuals and workers coming from nearby warehouse and small businesses in the industrial area as well as nearby densely populated residential neighborhoods. Few of other type of restaurants are found, but no direct competitors are within the immediate market area. This 17-Year established all day American restaurant offers a variety of menu ranging from breakfast, hamburger, wings, fried seafood, Philly steaks, and cold subs to ice cream. Gross sales average has been around $450K-480K per year that has been consistent from 2017 to 2019 with the solid customer base this business has built over 17 years since 2004 without any marketing in place except thru a word of mouth. In 2020, the gross sales has surged to over $600K a year amid 45-day closure of the restaurant in the middle of the year due to Covid-19 lockdown. Currently, there is very minimal amount of marking being done, and there are many ways to proactively market this business such as direct mailing, flyers, social media outlets, coupons, and daily specials etc. The current owner is willing to stay and train new owner until new owner completely grasps every aspect of the business. If you are looking for a well-established fast food independently owned restaurant with a solid customer base, this restaurant is a great opportunity to acquire.

Property Information

Real Estate:

Lease

Location:

This business in a 1,800 SF space of free standing building is located next to an intersection surrounded by heavy industrial area as well as densely populated residential neighborhoods. The restaurant features a convenient drive-thru, and all equipment is in good condition.

Size in square feet:
1,800 SF

Business Operation

Expansion Potential:

Minimal marketing is done and proactive marketing methods are needed to fully utilize to achieve maximum income potential.

Competition / Market:

There are no direct competitors within the immediate market area.

Reasons for selling:

Other opportunities / Looking for passive income investments

Employees:
2FT/3PT
Years established:
2004

Other Information

Support & training:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.

Financing available:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.

Furniture / Fixtures value:
$70,000 - included in the asking price
Inventory / Stock value:
$3,000 - included in the asking price

Contact V-AID Group

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