Asking Price: $199,000 Gross Revenue: $384,279Cash Flow: $92,335 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $2,000 included in asking priceFF&E: $50,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Prime location drive-thru and take-out fried chicken shop placed in heavily populated commercial area is available for acquisition. This business was originally established over three decades ago and was acquired just a decade before the present time in 2008 by the current owner. Most of the customers are middle to upper-class Hispanic individuals that work in the several high-end office buildings and commercial sites that heavily carpet the area. The convenience of the drive-thru for the individuals living in the area is a huge advantage as many individuals are in constant need to a quick and hearty meal before working. Net sales average was $33,000/month that is extremely consistent throughout each year of operation as this business has established a solid foundation of loyal customers that have come since the inception of the business. Although no marketing is truly done at the current time, other proactive marketing is needed to grow the sales of the business to earn more cash flow as well as acquiring new customers from the untapped areas within the city. Competition can be expected for this type of business industry, but this business has operated for an exceedingly long amount of time compared to the competitors and provides the convenience of a drive-thru for their quality products unlike the competition. There are many ways to proactively market this business such as direct mailing, social media, website, online delivery service, 3rd party delivery, daily specials and placing management to operate the business. Hiring a manager to take place of the owner involvement will help the owner to focus on the marketing and back-end of the business to increase the sales as well as keep the quality consistent within the business. This drive-thru and take-out fried chicken shop has everything in place for a potential buyer to proactively market this business while also being fully involved in the day-to-day business operation.
Listing ID #000648
For more info, please call Moon Kim at 1-866-519-2421.
About the Business
Number of Employees:
This business is located in 800 SF Stand-Alone building with a drive-thru that is optimally placed in the hub of a heavily dense commercial area and high-end office buildings. All equipment is in impeccable condition and in working order.
Few competitors are within the immediate market area, but this business has been operating in the area for longer than the competition as well as having the convenience of a drive-thru for their quality products.
Growth & Expansion:
There is no marketing done at the current time to grow the business.
Freestanding Drive-thru only Fried Chicken Restaurant
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