Closed but profitable franchised Fried Chicken & Burger Restaurant
Asset Sale Description
This asset sale presents a fully equipped fried chicken and hamburger restaurant operation located on the first floor of a student dormitory in State College, Pennsylvania. The establishment occupies 1,800 square feet with 24 indoor seats and benefits from consistent student foot traffic due to its strategic dormitory placement.
The business operated under a national franchise system with an initial investment of $30,000 in franchise rights, which included proprietary recipes and supply chain access. The franchise agreement no longer requires transfer fees or ongoing obligations, providing operational flexibility for menu modifications and business strategy.
In 2024, the seller completed approximately $130,000 in equipment purchases and facility renovations, with all assets maintained in excellent condition. The operation demonstrated strong financial performance with annual sales of $377,000 and an adjusted net profit exceeding $127,000. The business model required minimal staffing of 2-3 employees and maintained low operational complexity.
Cessation of operations resulted from an owner's unexpected international emergency rather than performance-related issues. The lease terms remain favorable at $2,980 gross monthly rent for the 1,800 square foot space.
Operational advantages include established recipes, proven supply chain relationships, competitive market positioning against two local competitors, and low skill requirements for staff management. The location provides expansion opportunities through enhanced marketing initiatives, menu diversification, and potential catering services development.
This turnkey acquisition includes all equipment, franchise recipes, supply chain access, and an established customer base within the State College market. The asset package represents a complete restaurant operation ready for immediate deployment by qualified buyers.
The business operated under a national franchise system with an initial investment of $30,000 in franchise rights, which included proprietary recipes and supply chain access. The franchise agreement no longer requires transfer fees or ongoing obligations, providing operational flexibility for menu modifications and business strategy.
In 2024, the seller completed approximately $130,000 in equipment purchases and facility renovations, with all assets maintained in excellent condition. The operation demonstrated strong financial performance with annual sales of $377,000 and an adjusted net profit exceeding $127,000. The business model required minimal staffing of 2-3 employees and maintained low operational complexity.
Cessation of operations resulted from an owner's unexpected international emergency rather than performance-related issues. The lease terms remain favorable at $2,980 gross monthly rent for the 1,800 square foot space.
Operational advantages include established recipes, proven supply chain relationships, competitive market positioning against two local competitors, and low skill requirements for staff management. The location provides expansion opportunities through enhanced marketing initiatives, menu diversification, and potential catering services development.
This turnkey acquisition includes all equipment, franchise recipes, supply chain access, and an established customer base within the State College market. The asset package represents a complete restaurant operation ready for immediate deployment by qualified buyers.
About the Sale
- Transition Support
- TBD
- Seller Motivation
- The partner who managed the store is out of country due to emergency
Listing Info
- ID
- 2431000
- Listing Views
Listing ID: 2431000 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.