Established Quick-Service Restaurant Opportunity- Absentee Owner
Business Description
HS Listing ID-73107
The business is currently operated on an absentee basis with a full team already in place, making this an attractive opportunity for either an investor seeking an established operation or an owner-operator looking to become more involved and potentially increase profitability.
The concept is centered around wings and other popular fast-casual menu items, including chicken tenders, burgers, wraps, cheesesteaks, ribs, quesadillas, salads, sides and desserts. The business also offers catering, providing an additional revenue channel beyond its regular walk-in, takeout and delivery business.
Financial Overview
Annual Gross Revenue: Approximately $650,000
Annual Net Profit: Approximately $150,000
Average Monthly Gross: Approximately $54,000
Net Margin: Approximately 23%
Current Operation: Absentee
Full Staff in Place
The business’s ability to generate approximately $150,000 in annual net profit while being operated absentee is a significant selling point. A hands-on owner may have opportunities to further improve profitability through tighter labor management, purchasing controls, local marketing and direct oversight.
Lease & Occupancy
Current Rent: $4,400 per month
Annual Rent: $52,800
Approximately 8 Years Remaining on Lease
The remaining lease term provides a buyer with long-term occupancy and the ability to invest in growing the operation without facing an immediate lease expiration or relocation.
At approximately 8% of current gross sales, the stated base rent represents a manageable occupancy ratio for the operation.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
The business is currently operated on an absentee basis with a full team already in place, making this an attractive opportunity for either an investor seeking an established operation or an owner-operator looking to become more involved and potentially increase profitability.
The concept is centered around wings and other popular fast-casual menu items, including chicken tenders, burgers, wraps, cheesesteaks, ribs, quesadillas, salads, sides and desserts. The business also offers catering, providing an additional revenue channel beyond its regular walk-in, takeout and delivery business.
Financial Overview
Annual Gross Revenue: Approximately $650,000
Annual Net Profit: Approximately $150,000
Average Monthly Gross: Approximately $54,000
Net Margin: Approximately 23%
Current Operation: Absentee
Full Staff in Place
The business’s ability to generate approximately $150,000 in annual net profit while being operated absentee is a significant selling point. A hands-on owner may have opportunities to further improve profitability through tighter labor management, purchasing controls, local marketing and direct oversight.
Lease & Occupancy
Current Rent: $4,400 per month
Annual Rent: $52,800
Approximately 8 Years Remaining on Lease
The remaining lease term provides a buyer with long-term occupancy and the ability to invest in growing the operation without facing an immediate lease expiration or relocation.
At approximately 8% of current gross sales, the stated base rent represents a manageable occupancy ratio for the operation.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
Real Estate
- Owned or Leased
- Leased
- Rent
- $4,400 per month
About the Sale
- Seller Motivation
- Other business interests.
- Transition Support
- Yes.
Listing Info
- ID
- 2555080
- Listing Views
- 7
Listing ID: 2555080 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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