949959-BK-New! Profitable Franchise Restaurant

Not Disclosed, VA
Tazewell County


Asking Price: Annual Revenue:
$349,000 $400,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: 949959-BK-New! Profitable Franchise Restaurant Broker: Bill Kelly

Quick Facts

Asking Price: $349,000
Annual Revenue: $400,000
Net Profit: Not Disclosed
Cash Flow: $52,000
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 2019
Employees: 3
BBN Listing #: 46143891
Broker Reference #: 9525-949959

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Business Overview:

This is a new location for a nationally recognized franchise restaurant , less than 1-year old, with a fantastic mall location, in one of the wealthiest areas of the country. Owner is selling due to health reasons. It's reasonably priced at 30 percent less than the cost of a new build out. Positive cash flow and ready to go. Great Franchise Opportunity, for owner operator.
Gross Sale: $400,000
#Employees: 5
SDE: $50,000
Rent: $7,500
SQ FT: 2,000
Seating for 40

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Property Features and Assets:

Restaurant has been in business less than one year, but has positive cash flow and in an excellent position for growth.

Market Competition and Expansion:

Busy upscale mall with excellent foot traffic. It's the only Pitt cooked Barbecue Restaurant in the immediate area Potential Growth Restaurant sales has been growing since it opened but the owners health has prevented him from reaching out to the large corporate community in his territory to solicit catering work. The Franchise has earmarked this location as one of the highest potential for catering in the country.

Reason for Selling:

Relocating

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.

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