#1 wing joint in Lexington, Ky with $700,000 in annual sales

Asking Price$500,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$740,000

Inventory$2,000
Included in asking price
FF&E$12,000
Included in asking price
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#1 wing joint in Lexington, Ky with $700,000 in annual sales


Asking Price$500,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$740,000

Inventory$2,000
Included in asking price
FF&E$12,000
Included in asking price
Business Description
Smiley Pete's Best of Lex Wings Winner for the last two years
Wing Kyng represents an exceptional opportunity to acquire the #1 wing restaurant in Lexington, Kentucky. This award-winning establishment has earned the prestigious "Best of Lex Wings" title for two consecutive years, cementing its reputation as a local legend in the booming quick-service restaurant industry.

FINANCIAL PERFORMANCE:
With annual revenue of $740,000 and seller's discretionary earnings of $125,000, this turnkey operation demonstrates strong financial performance in just three years of operation since its 2021 establishment. The business maintains healthy profit margins while serving an established and loyal customer base.

LOCATION & FACILITIES:
Strategically located in Lexington's thriving Northside area, the 1,500 square foot facility operates under a favorable lease at $1,900 per month, secured through April 2028. The location has proven successful, having previously generated strong numbers even when operating from a commissary kitchen.

BUSINESS ADVANTAGES:
- Recognized market leader with award-winning product quality
- Turnkey operation requiring minimal hands-on management
- Established brand recognition and customer loyalty
- Proven location with strong foot traffic and visibility
- Low overhead structure with reasonable lease terms

GROWTH POTENTIAL:
The wings segment continues experiencing robust growth industry-wide. Significant expansion opportunities exist with identified target markets in Georgetown, Richmond, and South Lexington. New locations require approximately $40,000 investment for establishments with existing hood systems, creating a scalable franchise-style growth model.

COMPETITIVE POSITION:
While competing against national chains like Wing Stop, Smiley Pete's has successfully differentiated itself through superior product quality and local market knowledge, earning customer preference and industry recognition.

OWNER SUPPORT:
The current owner-operator commits to comprehensive training on all operational aspects, ensuring smooth transition and continued success.

This represents a rare opportunity to acquire a profitable, award-winning restaurant with established market dominance and clear expansion pathways in Kentucky's growing quick-service restaurant market.
About the Business
Years in Operation
5
Employees
8 (2 Full-time, 6 Part-time)
Facilities & Assets
This is a turnkey operation with 4 fryers, 2 double refrigerators, double door freezer, triple sink, POS system, 2 prep tables, dining room furniture, small wares, crisper, heat lamp, and 2 drink coolers.
Website
https://wingkyng.com/
Market Outlook / Competition
Wings are booming industry and Northside has been a great location for us. We also did good numbers when we were located in a commissary kitchen in the Southland drive area. The primary competition is Wing Stop.
Opportunities for Growth
Wings are a growth industry. Wing Kyng could easily be turned into a multi-location establishment. New locations, if they already have a hood, would need around $40,000 to open up. Georgetown, Richmond, and South Lexington are both prime places for new locations.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,500
Rent
$1,900.00 per month
Lease Expiration
4/30/2028
About the Sale
Seller Motivation
Owner/Operator would like to sell in order to spend more time with his family.
Transition Support
Current owners will train the purchaser on all aspects of the operation.
Listing Info
ID
2510055
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Business Listed by: Timothy Schosser

Listing ID: 2510055 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.


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