Absentee-Owned University Area Chicken Restaurant – High Volume
Business Description
HS Listing ID-71230
Fast-casual restaurant specializing in burgers, wings, fries, and late-night dining, strategically located in a dense university corridor in Connecticut. The business benefits from a built-in student customer base, strong foot traffic, and significant late-night demand generated by a nearby dormitory campus population.
Operating for approximately 1.5 years, the business has already achieved strong sales performance and operates with a largely absentee ownership structure. Current ownership primarily oversees high-level operations and weekly inventory coordination while day-to-day operations are handled by staff.
The restaurant is fully staffed, systemized, and positioned for continued growth under both owner-operator and semi-absentee management models.
Key Highlights
Prime university-area location with consistent student traffic
Strong late-night revenue driven by nearby dormitory population
Accepts university student meal cards, generating recurring customer traffic
Approximately 4,000 sq. ft. facility with below-market rent
Fully staffed turnkey operation
Established operational systems and procedures in place
Absentee-owned structure with minimal owner involvement
Strong brand presence and growing regional recognition
Financial Overview
Revenue
Annual Gross Revenue: Approximately $757,000
Estimated Cash Flow Margin: Approximately 17%
POS Sales YTD: $1,192,414
Lease Terms
Current rent structure includes long-term below-market rates with minimal increases:
$4,111/month through August 31, 2027
$4,225/month from September 1, 2027 – August 31, 2029
Optional extension:
$4,342/month from September 1, 2029 – August 31, 2031
The lease contains only a 2.77% increase every two years, providing stable occupancy costs and under-market rent protection through 2034.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Fast-casual restaurant specializing in burgers, wings, fries, and late-night dining, strategically located in a dense university corridor in Connecticut. The business benefits from a built-in student customer base, strong foot traffic, and significant late-night demand generated by a nearby dormitory campus population.
Operating for approximately 1.5 years, the business has already achieved strong sales performance and operates with a largely absentee ownership structure. Current ownership primarily oversees high-level operations and weekly inventory coordination while day-to-day operations are handled by staff.
The restaurant is fully staffed, systemized, and positioned for continued growth under both owner-operator and semi-absentee management models.
Key Highlights
Prime university-area location with consistent student traffic
Strong late-night revenue driven by nearby dormitory population
Accepts university student meal cards, generating recurring customer traffic
Approximately 4,000 sq. ft. facility with below-market rent
Fully staffed turnkey operation
Established operational systems and procedures in place
Absentee-owned structure with minimal owner involvement
Strong brand presence and growing regional recognition
Financial Overview
Revenue
Annual Gross Revenue: Approximately $757,000
Estimated Cash Flow Margin: Approximately 17%
POS Sales YTD: $1,192,414
Lease Terms
Current rent structure includes long-term below-market rates with minimal increases:
$4,111/month through August 31, 2027
$4,225/month from September 1, 2027 – August 31, 2029
Optional extension:
$4,342/month from September 1, 2029 – August 31, 2031
The lease contains only a 2.77% increase every two years, providing stable occupancy costs and under-market rent protection through 2034.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,000
- Rent
- $4,111.00 per month
About the Sale
- Seller Motivation
- Other business interests.
- Transition Support
- Yes.
Listing Info
- ID
- 2508006
- Listing Views
Listing ID: 2508006 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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