Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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National Franchise Fried Chicken Restaurant
(Restaurants)
Collin, Texas
Listed Price: $ 350,000
Listing ID: 000950

Listing DetailsDown Payment: $ 175,000
Gross Revenue: $ 550,252
Cash Flow: $ 66,852
FFE: $ 75,000 (Included in Price)
Inventory: $ 5,000 (Included in Price)
Reason for Sale:

Other opportunities


Training & Support:

While Corporate will provide a comprehensive hands-on training, the current business owner will provide training and support to make the transition as seamless as possible.


Listing SummaryBusiness Description:

National fast-food franchise chicken restaurant in Northeast Dallas is now available for acquisition. This chicken restaurant is located in a 1,940 SF of highly visible end-cap space in a retail strip center next to a busy road with heavy traffic coming from adjacent cities and nearby densely populated residential neighborhoods. This fast-food chicken restaurant was established by the current owner in 2013 and has built a strong and loyal customer base over the last 7 years in operation. Various menu items are provided at this franchise chicken restaurant that ranges from fried chicken combos, family meals, and various sides and drinks to accommodate each entree. Most of the customers are low to middle-class individuals and consist of a well mix of all ethnic groups that are from the surrounding densely populated residential neighborhoods. Few franchise competitors are within the immediate market area, but this franchise is well-known for serving quality food at a very competitive price point to the customers among the fried chicken franchises. Gross sales of this chicken wing restaurant have been very consistent for the last several years running at around $550K per year which can be largely improved with right marketing in place, given its prime location and competitive price point. Although some marketing is in place through the franchisor, more of store-level proactive marketing methods such as social media outlets, email marketing, web-based advertisements, direct mailing, daily special, etc. need to be utilized to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. Marketing efforts on catering service to corporate offices and headquarters, medical offices, and churches nearby can also greatly improve the sales as a catering business still remains under-served. Expanding into multiple 3rd party delivery service providers can help by far to acquire new customers as this location has only one 3rd party delivery platform. This business has great potential because this location is the only franchise within this particular city and is right on the border that connects 3-4 major adjacent cities which can drive tremendous traffics to the business. This is a great opportunity to acquire a well-established national fast-food franchise chicken restaurant for a potential buyer who is willing to be more hands-on in the day to day operation and marketing to reach out to untapped areas of the business.


Competition:

There are few other similar franchise restaurants in the area, but this restaurant serves high-quality food while having very inexpensive and affordable price points for all types of customers.


Potential Growth:

This is the only franchise location within the city. Also, this business is optimally placed surrounded by 3-4 major cities that can draw customers from those adjacent cities.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 1940
Facilities:

This business in a 1,940 SF end-cap space featuring a drive-thru of retail strip center is located next to an intersection with consistently heavy traffic and nearby densely populated residential area and small businesses that attract a number of people to the area.


OperationYear Established: 2013
Employees: 4FT/4PT
Absentee Owner: No