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.
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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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