Tim Bullard, President

Tim Bullard, President

"Once you have made the committment to BUY, SELL, or IMPROVE your business with VR, you have access to an unequalled group of expertise, experience and support to insure you successfully meet your goals in a professional, informed way."

Each office is
independently owned
and operated

Our office is owned by

Lakes Business Group, Inc.

W229 N1433 Westwood Drive #106
Waukesha, WI 53186

Office: 262-347-2083
Toll free: 877-447-2083
Fax: 262-347-2090

E-mail Us

Business Listing Detail Information

Listing No.: 4181-1254 Restaurants: Restaurants
Business Desc: 1254 Franchise Opportunity in WI, IL and IA

Business Details

Revenues Adjusted Cash Flow Selling Price Down Payment
$ $ $ $
General Location: WI, IL and IO

Executive Summary

Franchisee Profile

Capitalizing on the $75 billion Burger Restaurant Industry, Burger 21 is an innovative fast casual concept seeking franchisees who meet the following criteria:

• Single and multi-unit operators with foodservice and/or restaurant experience
• Possess the resources and ability to open first unit within 12 months and each additional unit at a maximum of 12-month intervals
• Passion for and commitment to exceptional customer service
• Minimum liquidity of $250,000 per unit of interest
• Minimum net worth of $600,000 per unit of interest

Franchise Investment Details

Burger 21 will be developed through both single unit and multi-unit franchise opportunities. The amount of units a franchisee decides to move forward with, is determined through discussions with our Franchise Development team and your (the franchisee's) personal goals. Depending on the real estate site selected, the total cost of investment for one restaurant will be approximately $432,781 - $1,145,436 and the franchise agreement initial term is 10 years. 
The initial franchise fee is $40,000, however:

• A 10 percent discount is only offered on the first initial franchise fee to Veterans in support of the US VetFran program and minorities as defined by the US Census 
• When four to six units are secured in an Area Development Agreement, the franchise fee is reduced to $35,000 per unit. 
• When seven or more units are secured in an Area Development Agreement, the franchise fee is reduced to $30,000 per unit.
• Under the Area Development Agreement, the initial Franchise Fee for each Restaurant after the first one is reduced to half of the franchise fee in effect on the date the Development Agreement is signed and is due and payable each time a Franchise Agreement is signed for a Restaurant to be developed under the Area Development Agreement. 


 

Contact Information

Contact: Timothy Bullard
Office: VR Business Brokers
Office Phone: (262) 347-2083 or (630) 300-4777
Email: timb@vrbizlakes.com