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Quick Facts
Asking Price: | $145,000 | |
Annual Revenue: | $445,413 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $20,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2018 | |
Employees: | Not Disclosed | |
BBN Listing #: | 92849435 | |
Broker Reference #: | 80041-694277 |
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Business Overview:
Specializing in chicken wings and buttermilk fried chicken sandwiches, this franchise brand is quickly expanding throughout New England. This location has been open for just a year now, it is newly built and has quickly gained a strong reputation and customer following. This is an exciting opportunity for a new owner to come into a turn-key franchise that is already up and running and to continue the growth trend. There are many opportunities available to expand. The franchisor has a long-term desire to partner with an Area Developer in Southern NH and Northern MA who can drive store growth in the region. An Area Developer is a qualified franchise partner that oversees the store development in a given region. Royalties and franchise fees collected by the franchisor are shared 50/50 with the Regional Developer. Whether you are looking at your first business or a serial entrepreneur, this opportunity has something to excite everyone! We have so much more information to share, contact us via email today!
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Property Features and Assets:
This franchise was founded in 2011, and currently has 7 open locations across New England. The Manchester store was opened in 2018.
Market Competition and Expansion:
While there are many “better burger” and “better pizza” concepts out there, there are very few that specialize in “better wings.” When this location opened it quickly became a local favorite with 62% of its guests returning for multiple visits. The company will benefit from a new owner who can bring some new and contagious energy and ideas for additional advertising and marketing tactics as current franchisee lacks the capital needed to drive marketing efforts and despite that showed strong sales in year one. A new owner that can allocate sufficient funds towards advertising and marketing will see exponential growth very quickly. If this person is also the right fit for an Area Developer relationship, they can also leverage the brand to develop more locations and build a royalty stream.
Reason for Selling:
other opportunity
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