Business Overview:
MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a 20+ year old fried Chicken franchise family restaurant offering dine-in, drive-thru and home delivery. The business has high visibility on a major road in Plano. The high traffic count provides top exposure and has helped develop a loyal customer base. The franchisor has a strong relationship with their Franchisee community. The fast food chain was started 40+ years ago and has been growing with a total of ~100 restaurants. The building is Corporate-owned and offers a long-term lease to a new franchisee. The franchisee has developed a strong base with room for growth. This location has been continuously operating for 20+ years. The owner worked for Corporate for five years and then purchased the restaurant in 2007. He has been building a strong customer base and turning a strong profit. The asking price for the assets of the business is $180,000. The assets include inventory at cost of $3,500. FFE (Furniture, Fixtures and Equipment) is leased and included in the lease payments to franchisor. The purchaser is responsible to pay franchise transfer fee of approximately $6,000.
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:
~2800 SF free-standing building and FFE (Furniture, fixtures and equipment) are leased from Golden Chick ~$4,520 per month total including NNN. FFE may be separately purchased at a price of $40k. The building consists of ~2800 SF with a good size seating area, large front counter, condiment and drink section, two bathrooms, open office, drive through window, prep area, large walk in cooler and a good cooking line.
Market Competition and Expansion:
This is a strong location with excellent potential. A new owner can continue to grow the business and profits in several ways: 1) Hands-on owner operations, 2) Do more promotion, 3) Expand takeout and delivery (currently ~$10k/wk), 4) Expand use of delivery truck
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is not 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.