Business Overview:
Franchise fried chicken restaurant and a two-tenants (including this restaurant) retail strip center are now available for an acquisition as a package deal. Situated on a prime street in Dallas, this center in which this restaurant is occupied in has a direct exposure to the prime street that generates tremendous traffics every day. This franchise fried chicken restaurant has been offering nothing but fried chicken to customers for 14 years at the same location. This restaurant did over $670K in annual revenues in 2007 and 2008, and currently it is maintaining around $590K even in this severe recession. Being a landlord, the current owner does not have to pay any rent, and the owner makes extra rental income from a strong tenant occupied in the building. Since the restaurant is currently being run without any owner's involvement, pro-active involvement in the restaurant will help this restaurant reach its full potential. This is a great opportunity to purchase a well-known franchise fried chicken restaurant that comes with a two-tenant retail center that generates an extra rental income.
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:
Located in the intersection about one block away from one of the major freeway in Dallas, this business is largely benefited by tremendous traffics generated from the intersection. Total SF of the building is approx. 1,530 SF that includes this restaurant (1,676 SF) and another strong corporate tenant (1,500 SF). All equipments are immaculately maintained. Pylon signage makes visibility even easier.
FURNITURE, FIXTURES & EQUIPMENT: $70,000 (Included in listed price).
INVENTORY: $2,500 (Included in listed price).
REAL ESTATE: $1,100,000 (Included in listed price).
Market Competition and Expansion:
COMPETITION: One direct competition is found, but both locations have been together in the same location for years.
GROWTH AND EXPANSION: Considering its prime prime location, it has an unlimited potential to grow.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.