Business Overview

Key Investment Considerations:

• Projecting Gross Revenue of $900,000 in first 12 months.
• Projecting $225,000 in Seller Discretionary Earning in first 12 months.
• Reason for sale: Franchise restaurant corporate location sale
• Brand new franchise concept with great franchisor experience.
• Successful first pilot location in Virginia opened in June 2021.
• Google 4.5 rating with 220 reviews.
• Yelp 4 Stars rating with 46 reviews
• Ongoing corporate training with franchisor to provide roadmap to success.
• Very simple and organized kitchen operation.
• Only 5% in royalty.
• $30,000 in franchise fee.
• Kiosk ordering system for both takeout and dine-in orders.
• Restaurant with indoor dining area and outdoor patio.
• 8% low rent factor in relation to sales volume
• Turn-Key operation
• Seller is willing to train for 4 weeks after closing
• Pandemic proof business model with opportunities to grow
• With beer and wine on premise ABC license

Current owner of this Nashville Chicken Sandwich restaurant had founded other successful franchised concepts. With the collaboration with his partner, comes up with the best chicken sandwich in town by bringing forth the Nashville style chicken sandwich.

After visiting many successful Nashville style chicken restaurant in LA, Nashville, and San Francisco, we could successfully develop our secret chicken recipe to have the most juicy and crispy sandwich.

This location is the first pilot location in Virginia. It has been a big hit since grand opening. With franchisor training and support, new owner can take advantage of a good road map to success and take this business to another level.

Financial

  • Asking Price: $295,000
  • Cash Flow: $225,000
  • Gross Revenue: $900,000
  • EBITDA: N/A
  • FF&E: $75,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2021

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,750
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

All brand new

Is Support & Training Included:

4 weeks

Purpose For Selling:

franchise location sale

Established Franchise:

This Business Is An Established Franchise

Additional Info

The business was started in 2021, making the business 1 years old.

The company has 7 employees and is located in a building with estimated square footage of 1,750 sq ft.
The building is leased by the business for $6,000 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals resolve to sell operating businesses. Nonetheless, the true reason and the one they tell you might be 2 entirely different things. For instance, they might say "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may just be reasons to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in incomes, or a range of various other reasons. This is why it is very essential that you not count completely on a vendor's word, yet rather, utilize the seller's solution along with your overall due diligence. This will repaint a much more reasonable picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies borrow money in order to cover items such as stock, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that profit margins are too small. Many companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that need to be fulfilled or may lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area draw in new clients? Many times, operating businesses have repeat clients, which create the core of their day-to-day revenues. Particular elements such as new competitors sprouting up around the area, roadway construction, as well as staff turn over can influence repeat consumers and also negatively impact future incomes. One important thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business often, the greater the opportunity to develop a returning consumer base. A final idea is the general location demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the local median house income effect future income prospects?