Asking Price: $659,000 Gross Revenue: $2,442,407Cash Flow: $215,828EBITDA: $215,828Inventory: $21,000 not included in asking priceFF&E: $400,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Seller willing to sell locations separately. Established in 2011 in North Palm Beach Florida, BurgerFi has grown to nearly 100 locations in the Eastern US and internationally. BurgerFi serves up all natural beef burgers, hot dogs, custard, fries, and onion rings. Each location also offers a selection of wine and craft beers. Franchisor requires a minimum of $1M net worth with at least $500K in liquid assets. Operator must be full-time, have equity in the company and have restaurant experience.
Unlike a lot of burger restaurants, they are original in the fact that they use all organic meat and even their chairs are made out of upcycled Coca Cola bottles.
Growth & Expansion:
BurgerFi is experiencing major growth. It will have 81 locations in the United States and two locations in Mexico by the end of the year. The chain plans to expand internationally in Panama and the United Kingdom. Room for growth exists in brand via new development as well as the acquisition of existing units
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