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Franchise Fried Chicken Restaurant

Location  Texas,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $590000
Net Profit / Cash Flow  $140000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1998
Number of Employees  10 - 19
Relocatable  No
Number of Employees  10 - 19
Real Estate  Owned
Training  Seller will train buyer for a smooth transition.
Reason for Sale  Retirement.
Description  Franchise fried chicken restaurant and a two-tenants (including this restaurant) retail strip center are now available for an acquisition as a package deal. Situated on a prime street in Dallas, this center in which this restaurant is occupied in has a direct exposure to the prime street that generates tremendous traffics every day. This franchise fried chicken restaurant has been offering nothing but fried chicken to customers for 14 years at the same location. This restaurant did over $670K in annual revenues in 2007 and 2008, and currently it is maintaining around $590K even in this severe recession. Being a landlord, the current owner does not have to pay any rent, and the owner makes extra rental income from a strong tenant occupied in the building. Since the restaurant is currently being run without any owner's involvement, pro-active involvement in the restaurant will help this restaurant reach its full potential. This is a great opportunity to purchase a well-known franchise fried chicken restaurant that comes with a two-tenant retail center that generates an extra rental income. Asking: $1,400,000 Furniture, Fixtures & Equipment: $70,000 (Included in listed price) Inventory: $2,500 (Included in listed price) Real Estate: $1,100,000 (Included in listed price) Financing: 100% Cash at Closing Facilities: Located in the intersection about one block away from one of the major freeway in Dallas, this business is largely benefited by tremendous traffics generated from the intersection. Total SF of the building is approx. 1,530 SF that includes this restaurant (1,676 SF) and another strong corporate tenant (1,500 SF). All equipments are immaculately maintained. Pylon signage makes visibility even easier. Growth And Expansion: Considering its prime prime location, it has an unlimited potential to grow.
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