Business for Sale Overview:
Wing Restaurant Franchise with Real Estate - Asking $150,000 + Real Estate. Serving regular wings, boneless wings, chicken strips, catfish, and some of the best deserts around. Located in a growing community twenty miles northeast of Dallas is an awesome opportunity to take over this 4.5 year old restaurant with steadily growing sales. This profitable restaurant specializes in approximately 20 unique flavors of buffalo style wings and many other foods. This restaurant is a freestanding, 2,217 square foot restaurant with several televisions set up for patrons to enjoy some wings and watch their favorite sporting event. Year end sales for 2007 were approximately $262,000, 2008 sales were $285,000 and 2009 sales are tracking well over $300,000. The discretionary cash flow in 2008 was over $90,000. The real estate is available for purchase, the price to be determined via fair market appraisal. According to the franchisor, the price range to open a restaurant from scratch is $224,000 to $359,000 and the current franchisee will part with this newly established restaurant for only $150,000 + real estate! If you have an interest in a rare opportunity to own a restaurant along with a free standing building.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
2,217 square foot freestanding building on .707 acres; Owner selling the real estate with the business. Tremendous visibility from the main intersection in town. The main road in town is scheduled to be built through the intersection, which will link the intersection with a major highway nearby.
Furniture, Fixtures & Equipment: $70,000 (included in price).
Inventory: $2,000 (included in price).
Real Estate: estimated $475,000 (not included in price)
Market Competition and Expansion:
Competition: Minimal competition.
Growth and Expansion: Outstanding opportunity for a hands-on owner to increase net income by bringing food cost of goods down, as well as instituting a guerilla marketing and advertising effort, which has really never been done before. Most of their business is strictly repeat customers and word of mouth. The current owners are not hands-on and a manager is currently running the restaurant. Also, they do not hold a liquor license, and therefore do not sell beer or wine, which the owner’s estimate would boost sales immediately and tremendously. Catering and delivery are both hugely untapped avenues for immediate growth given the tremendous amount of daytime population, offices and industrial that surrounds this business.
Reason for Selling:
Change in partnership interests
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 a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.