Business Overview:
Quick service drive-through takeout fried chicken and seafood restaurant on a busy road in Fort Worth, Texas near 35W. The owner typically works 10 hours per week. The location has operated as a fried chicken restaurant for over 35 years. It has a strong reputation and will benefit from a hands-on owner operator to increase sales and profits. Sales Were $42,000-43,000 per month but declined due to owner's absence. The facility has no seating. Outdoor seating could be added. Price $75,000: $40,000 down and $35,000 seller financed (5 years at 8%, $709.67 per month) or $60,000 All-Cash. The assets include inventory at cost of $3,000 and Furniture, Fixtures & Equipment of $50,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The 1,800 Square Feet stand-alone building on 18,600 square feet lot fronts on Berry street, 1 block East of Interstate 35W. The monthly lease is $3,000 plus NNN plus approximately $4,500 per year property taxes plus insurance. The security deposit is $4,000 plus last month’s rent deposit of $3,500. The 10 year lease expires approximately December 31, 2013. Purchaser is responsible for any real estate lease application or transfer fees. The space includes main kitchen-prep, drive through station, secondary prep area, 2 restrooms, office, 2 6x8 walk-ins and 2 dry storage's.
Market Competition and Expansion:
Customers can eat anywhere they want. This restaurant offers great prices, selection, reliable quality and fast service.
Reason for Selling:
Owner has a second restaurant 9 miles away
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.