Business Overview

Popular franchised fried chicken restaurant with drive-thru available for sale. This fast-food restaurant has increased sales by over 21% in 2020 vs. 2019 and 2021 sales are up 27% vs. 2020 as consumers continue to demand take-out and delivery food. The facility also offers a large indoor seating area to capture the dine-in market.

No royalty frees and flexible franchise license allows the owner to sell any menu item and set their own pricing.

The restaurant is located off of a highly trafficked road and close to a major freeway. The business has lots of upside potential for a new owner/operator who can step into a well-functioning operation and focus on growing the business and controlling costs.

The current owner is running it as an owner-operator and lives far away from the restaurant. The owner would like to sell the business in order to be closer to home and have more time with family. This concept is ideal for an owner-operator or for an absentee owner who would like to put a manager in place.

Seller financing is available, on a case-by-case basis. $160,000 price for seller-carry with 50% down.

Contact us now through the ad or by contacting the broker directly at jason@truview business.com or calling (713) 714-7516 to obtain the link for the electronic confidentiality agreement and buyer registration. Upon completion of these forms, we will send you detailed information about the business for sale.

Financial

  • Asking Price: $150,000
  • Cash Flow: $35,750
  • Gross Revenue: $343,338
  • EBITDA: N/A
  • FF&E: $50,000
  • Inventory: $12,000
  • Inventory Included: Yes
  • Established: 2014

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,625
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Freestanding building with a drive-thru in a shopping plaza with traffic counts of over 48,000 vehicles per day.

Is Support & Training Included:

The current owner is offering training and support during the transition period.

Purpose For Selling:

To spend more time with family.

Pros and Cons:

There are several competitors in the area, including other fried chicken restaurants, which is indicative that the area has strong demographics for this market. This business competes on its high level of customer service and quality and product offerings.

Opportunities and Growth:

There are several opportunities to grow the business including investing in marketing and advertising, focusing on growing catering, and adding new products.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The business was founded in 2014, making the business 8 years old.
The transaction will include inventory valued at $12,000, which is included in the asking price.

The company has 5 employees and is situated in a building with estimated square footage of 2,625 sq ft.
The real estate is leased by the company for $3,000 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people decide to sell operating businesses. However, the genuine reason vs the one they say to you may be 2 entirely different things. As an example, they may say "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might simply be justifications to try to hide the reality of transforming demographics, increased competition, recent decrease in earnings, or an array of various other factors. This is why it is extremely vital that you not rely absolutely on a seller's word, but instead, use the vendor's response together with your total due diligence. This will repaint an extra sensible picture of the business's current circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover points like inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that profit margins are too tight. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that have to be fulfilled or may result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location draw in brand-new customers? Most times, companies have repeat consumers, which develop the core of their day-to-day revenues. Particular variables such as brand-new competitors sprouting up around the location, roadway construction, and also employee turn over can impact repeat customers and adversely influence future revenues. One important point to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the higher the opportunity to construct a returning customer base. A final thought is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood typical house earnings effect future income potential?