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Iconic Hamburger Eatery
for sale in LA

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Listing Number: 3393

Summary

This company is a family owned and operated fast-casual restaurant that specializes in hamburgers, hotdogs, and milkshakes. This company was founded in 2009 and has established a strong local name for itself. The company’s 2017 revenue totaled over $400,000 and has a loyal customer base, typically comprised of families and longtime patrons. They offer catering for business meetings, parties, or events of any size. Top chefs have ranked the company number one for diversified menu and loyal customers.

Listing Broker


Michelle Seiler Tucker

Michelle Seiler Tucker

Phone: 504- 525-1717
Email: acquisitions@seilertucker.com


  • Category: Service Businesses
  • Sub-Category: Restaurants
  • Asking Price: $150,000
  • Gross Sales: $409,000
  • Cash Flow: $49,000
  • County: NULL
  • Area: New Orleans
  • FFE: $118,000
  • Inventory: $0
  • Real Estate: $0
  • Employees: 6 - Full-Time 2 - Part-Time
  • Facilities: The location was built from the ground up in 2009, so the building condition is excellent. Lease terms: 10 years with 2 options to renew for 5 years. Lease expires in June 2019.
  • Relocatable? No
  • Home Based? No
  • Market Notes: One out of every four dollars spent within the food service channel in 2017 was spent on a handheld item, whether that was a sub, wrap, burrito or burger. Of the total $205.36 billion in food service sandwich sales in 2017, $90.57 billion were spent on burgers (that‚Äôs 44% of total sandwich sales), according to global market intelligence firm Technomic Inc.
  • Growth Notes: The burger category has seen 3.2% in growth between 2013 and 2016, according to Technomic research, and the firm predicts 3.4% growth in the burger category between 2017 and 2019.
  • Support Training: Owner will train for 2 weeka
  • Year Established: 2009
  • Financing Terms: Seller Financing is Available
  • Reason for Selling: Owners are relocating
  • Inventory Included: No
  • Is Franchise Yes
  • Lender Prequalified No
  • Absentee Owner No
  • Selling Financing? No
  • Is FEE Included? Yes