Tuesday, April 28, 2015
Kraze Burgers for sale at Westfield Montgomery Mall in Bethesda
closed 15 months ago. A second Bethesda location opened in December 2013 in the Dining Terrace at Westfield Montgomery Mall. Now that Kraze Burgers business is for sale for $385,000.
According to a sale listing, the mall location takes in a gross income of $580,000, and generates a $100,000 cash flow per year. The prospective buyer will get all of the equipment and inventory, and two weeks of training. Under "reason for selling", the current owner says, "Retire."
The listing cites no competition for gourmet burgers at the mall, but doesn't mention that Bobby Flay's Bobby's Burger Palace is located there. Kraze Burgers' burgers are outstanding, in my opinion, and I was surprised that the Bethesda Row location failed.