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Franchise Fried Chicken Restaurant with Retail Strip Center in Dallas
(Restaurants, Chicken-food to go)
Dallas - Texas
| Seller Financing: |
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| Lender Pre-Qualified: |
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| Listing ID: |
71890 |
| Office ID: |
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| Status: |
Active |
Listing Details
| Listed Price: |
$1,400,000 |
| Down Payment: |
$1,400,000 |
| Fiscal Year: |
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| Total Sales: |
$590,000 |
| SDE: |
$140,000 |
| EBIT: |
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| EBITDA: |
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| FFE: |
$70,000 |
Included? Yes |
| Real Estate: |
$1,100,000 |
Included? |
| Inventory: |
$2,500 |
Included? Yes |
| A/R: |
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Included? |
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| Sales Breakdown |
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| Reason for Sale: |
Retirement |
| Training: |
Seller will train buyer for a smooth transition. |
| Financing Terms: |
100% Cash at Closing |
Operations
| Year Established: |
1998 |
| Last Acquired: |
1998 |
| Form of Ownership: |
S-Corp |
| Home Based: |
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| Relocatable: |
No |
| Type of Location: |
Strip Center |
| Absentee Owner: |
Yes |
| Online: |
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| Employees: |
Full Time: 5 / Part Time: 5 |
| Managers: |
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| Hours: |
Sun-Thur: 10am-1am / Fri & Sat: 10am-2am |
| Owner Hours: |
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| Non-Owner Payroll: |
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| Franchise Info: |
5% royalty out of net sales / $500 franchise transfer fee. |
Location
| Lease Expire: |
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| Option: |
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| Lease Terms: |
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| Lease Security: |
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| Included with Rent: |
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| Building Size: |
1530 |
| Land Size: |
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| Seating Capacity: |
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| Facilities: |
Located in the intersection about one block away from one of the major freeway in Dallas, this business is largely benefited by tremendous traffics generated from the intersection. Total SF of the building is approx. 1,530 SF that includes this restaurant (1,676 SF) and another strong corporate tenant (1,500 SF). All equipments are immaculately maintained. Pylon signage makes visibility even easier. |
| Secondary Location: |
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| Business Name: |
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| Address: |
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Summary
| Business Description: |
Franchise fried chicken restaurant and a two-tenants (including this restaurant) retail strip center are now available for an acquisition as a package deal. Situated on a prime street in Dallas, this center in which this restaurant is occupied in has a direct exposure to the prime street that generates tremendous traffics every day. This franchise fried chicken restaurant has been offering nothing but fried chicken to customers for 14 years at the same location. This restaurant did over $670K in annual revenues in 2007 and 2008, and currently it is maintaining around $590K even in this severe recession. Being a landlord, the current owner does not have to pay any rent, and the owner makes extra rental income from a strong tenant occupied in the building. Since the restaurant is currently being run without any owner's involvement, pro-active involvement in the restaurant will help this restaurant reach its full potential. This is a great opportunity to purchase a well-known franchise fried chicken restaurant that comes with a two-tenant retail center that generates an extra rental income. |
| Historical Summary: |
Built in 1998, business has been very consistent since then. |
| Owner Qualifications: |
Currently owner absentee. More attention is absolutely needed in order to grow the restaurant. |
| Customer Base: |
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| Competition: |
One direct competition is found, but both locations have been together in the same location for years. |
| Potential Growth: |
Considering its prime prime location, it has an unlimited potential to grow. |
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