Chicken Wing Restaurant Nearby University

Not Disclosed, TX
Tarrant County

East Fort Worth

Asking Price: Annual Revenue:
$49,000 $240,000

Food & Beverage: Miscellaneous

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RE: Chicken Wing Restaurant Nearby University Broker: Moon Kim

Quick Facts

Asking Price: $49,000
Annual Revenue: $240,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2019
Employees: 12
BBN Listing #: 80319188
Broker Reference #: 000955

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Business Overview:

A fully equipped chicken wing restaurant with a brand new fixture, furniture, and equipment in East Fort Worth nearby well-known University is now available for acquisition. This business was established in 2019 by the current owner with brand new equipment which cost nearly $140,000 including build out and the equipment. The restaurant is still under free rent period which is until June, 2020. Currently, the business is serving chicken wings with 18 flavors, chicken sandwich, BBQ sandwich, chicken wrap, tacos, nachos, chicken & waffle, chicken burgers, chicken pizzas, salads, fries and beverages. This business in a 1,300 Square Feet space of retail strip center is located in busy intersection which is a couple of blocks away from renowned university of a city. Few franchise wing places were found within the immediate market area, but this business offers not only superior quality wings with 18 unique flavors, but also much more various menu items which can attract wider demographics than other competitors within immediate market area. Overall demographics of this wing place are mostly various ethnic individuals in all age group from the surrounding densely populated residential neighborhoods and lots of students from nearby reputable university of the city where reportedly about 42,000 students attend. Although there is no single marketing is in place, there are other ways to grow and maximize profit by more proactive marketing such as coupons and flyers to nearby homes and corporate businesses to be fully exposed and to attract new customers in the untapped area nearby the business. Marketing efforts on catering service to nearby school, airport, corporate offices and headquarters, medical offices, and churches nearby can also greatly improve the sales as a catering business still remains untapped. On slow week days, Loss-Leader marketing strategy should be implemented in order to increase foot traffics to the restaurant by offering special discount on a couple of menu. Having a full-time owner-operator will greatly help this business realize potential cash flow streams and reduces payroll expenses and food cost. A potential buyer must put a lot of effort into promoting the business to expose itself to local customers by proactive marketing as it has been only open for less than a year.

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Property Features and Assets:

Major equipment is brand new less than year old and in perfect working condition. All furniture packages are brand new as well. / Inventory: $2,500 (Included in listed price).

Market Competition and Expansion:

Competition: A few franchise wing places were within the immediate market area, but this business has more variety in flavors and more selection on the menu than the competitors. Growth and Expansion: There is currently no single pro-active marketing being done, and the business needs a full scale of marketing which includes online and offline marketing to expose itself to public and local customers.

Reason for Selling:

Personal Issue.

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 not a franchise resale opportunity.

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