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Franchise Fried Chicken Plano #19557
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Plano, Texas
Not Provided Collin County 75074
Listing Type: For Sale By Broker
Category: Food & Beverage: Restaurants, Fast Food, Deli
MLS #: JA966321
| Description: |
Summary Description
MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a 20+ year old fried Chicken franchise family restaurant offering dine-in, drive-thru and home delivery. The business has high visibility on a major road in Plano. The high traffic count provides top exposure and has helped develop a loyal customer base. The franchisor has a strong relationship with their Franchisee community. The fast food chain was started 40+ years ago and has been growing with a total of ~100 restaurants. The building is Corporate-owned and offers a long-term lease to a new franchisee. The franchisee has developed a strong base with room for growth. This location has been continuously operating for 20+ years. The owner worked for Corporate for five years and then purchased the restaurant in 2007. He has been building a strong customer base and turning a strong profit. The asking price for the assets of the business is $180,000. The assets include inventory at cost of $3,500. FFE (Furniture, Fixtures and Equipment) is leased and included in the lease payments to franchisor. The purchaser is responsible to pay franchise transfer fee of approximately $6,000.
General Information
Facilities: ~2800 SF free-standing building and FFE (Furniture, fixtures and equipment) are leased from Golden Chick ~$4,520 per month total including NNN. FFE may be separately purchased at a price of $40k. The building consists of ~2800 SF with a good size seating area, large front counter, condiment and drink section, two bathrooms, open office, drive through window, prep area, large walk in cooler and a good cooking line.
Growth and Expansion: This is a strong location with excellent potential. A new owner can continue to grow the business and profits in several ways: 1) Hands-on owner operations, 2) Do more promotion, 3) Expand takeout and delivery (currently ~$10k/wk), 4) Expand use of delivery truck |
| Pricing Information |
| Asking Price: |
$180,000 |
FF & E: |
$5,000 |
| Gross Revenue: |
$250,000 |
Lease/Rent: |
$0 |
| Cash Flow: |
$60,000 |
Inventory: |
$3,500 |
| Adjust Net Income: |
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Real Estate: |
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| Monthly Payroll: |
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| About The Business |
| Style: |
This property is leased. |
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| Year Established: |
1990 |
Lease/Rent: |
$0 |
| Full Time Employees: |
4 |
Part Time Employees: |
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| Size (square feet): |
2,800 sf |
Lot Size (acres): |
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| About The Sale |
| Reason for Selling: |
| Retirement |
| Is Financing Available? |
| Prefer All Cash |
| Is Owner Willing To Train/Assist New Owner? |
| The seller will provide 2 weeks training and ongoi |
| Is This a Home Based Business? |
| no |
| Is This a Distressed Business or Bankruptcy Situation? |
| no |
| Details: |
Jeff Adam |
| Company Name: |
Adam Noble Group |
| Phone Number: |
(817) 467-2161 |
| Fax: |
1-877-467-2161 |
| Cell Number: |
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| Email The Seller: |
Click Here |
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Summary Description
MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a 20+ year old fried Chicken franchise family restaurant offering dine-in, drive-thru and home delivery. The business has high visibility on a major road in Plano. The high traffic count provides top exposure and has helped develop a loyal customer base. The franchisor has a strong relationship with their Franchisee community. The fast food chain was started 40+ years ago and has been growing with a total of ~100 restaurants. The building is Corporate-owned and offers a long-term lease to a new franchisee. The franchisee has developed a strong base with room for growth. This location has been continuously operating for 20+ years. The owner worked for Corporate for five years and then purchased the restaurant in 2007. He has been building a strong customer base and turning a strong profit. The asking price for the assets of the business is $180,000. The assets include inventory at cost of $3,500. FFE (Furniture, Fixtures and Equipment) is leased and included in the lease payments to franchisor. The purchaser is responsible to pay franchise transfer fee of approximately $6,000.
General Information
Facilities: ~2800 SF free-standing building and FFE (Furniture, fixtures and equipment) are leased from Golden Chick ~$4,520 per month total including NNN. FFE may be separately purchased at a price of $40k. The building consists of ~2800 SF with a good size seating area, large front counter, condiment and drink section, two bathrooms, open office, drive through window, prep area, large walk in cooler and a good cooking line.
Growth and Expansion: This is a strong location with excellent potential. A new owner can continue to grow the business and profits in several ways: 1) Hands-on owner operations, 2) Do more promotion, 3) Expand takeout and delivery (currently ~$10k/wk), 4) Expand use of delivery truck |
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