Very Profitable New Fried Chicken Restaurant

Troy, MI
Oakland County

Heart of Oakland County

Asking Price: Annual Revenue:
$699,000 $1,254,776

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Very Profitable New Fried Chicken Restaurant Broker: Ken Lee
Owner Financing is Available!

Quick Facts

Asking Price: $699,000
Annual Revenue: $1,254,776
Net Profit: Not Disclosed
Cash Flow: $399,769
Total Debt: Not Disclosed
FF&E: $346,274
Real Estate: Not Disclosed
Year Established: 2002
Employees: 9
BBN Listing #: 69959995
Broker Reference #: 217-22058

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Business Overview:

This new established restaurant showed a strong start when it opened in October-2022. The two months (Nov & Dec) are annualized in the financials page there was only one month of catering and the business was closed for two days due to the storm in December, making the annualized data a little bit conservative.

It is located in a large shopping center in the heart of Troy. It serves fried chicken, Asian and American food, beverage and more. The owner invested around $700K and significant effort to build it and make it successful. It pays 2.5% of sales as a franchise fee and the franchise training is free.

The equipment is new and under warranty.

This is a semi-absentee business. Employees can handle daily operations and the owner works in the restaurant after his day job. A full-time owner will improve the performance of the business. The restaurant currently only relies on the franchisor to advertise so the business can grow with additional advertising. Adding beer, wine or liquor will generate more sales and profits.

It is a turnkey, easy and profitable business. Seller’s finance is available. Don’t miss this opportunity.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Owner has another job

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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