High Volume Chicken Chain with a Cult Like Following
Business Description
High volume and highly profitable Korean Chicken Chain, with cult like following. Two locations in the heart of Norfolk and Virginia Beach area, can be sold together at a discount or individually.
Norfolk - $950,000 (Sales $1,600,000- $200,000 cash flow)
Virginia Beach - $700,000 (Sales 1,200,000 - $100,000 cash flow)
Both Together - 1,550,000
Very high volume and still growing sales this year, one store is 2% up and the other almost 20% up from last year.
Great potential to even double the sales with the right buyer/operator and marketing efforts.
Along with the stores the purchaser will be conveyed two instagram pages with 5,000 plus followers each. Also the ability to transfer up to 6 new store development agreements.
Owner can train for 2 weeks and franchisor will also provide training. But business is simple and has a good staff at both locations.
Norfolk - $950,000 (Sales $1,600,000- $200,000 cash flow)
Virginia Beach - $700,000 (Sales 1,200,000 - $100,000 cash flow)
Both Together - 1,550,000
Very high volume and still growing sales this year, one store is 2% up and the other almost 20% up from last year.
Great potential to even double the sales with the right buyer/operator and marketing efforts.
Along with the stores the purchaser will be conveyed two instagram pages with 5,000 plus followers each. Also the ability to transfer up to 6 new store development agreements.
Owner can train for 2 weeks and franchisor will also provide training. But business is simple and has a good staff at both locations.
About the Business
- Years in Operation
- 11
- Employees
- 13 (5 Full-time, 8 Part-time)
- Franchise
- This business is an established franchise
- Facilities & Assets
- All Furnitures, fixtures and Assets included. Two instagram pages with 5,000 plus followers each.
- Market Outlook / Competition
- Niche business with a cult like following, an amazing menu that customers crave and the best chicken wings s in all of Hampton Roads and probably all of the east coast .
Very little direct competition and tons of sales growth potential. - Opportunities for Growth
- Can sell and convey the rights to 6 more development areas.
Numerous opportunities to grow sales in the area.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,200
- Rent
- $7,400.00 per month
- Lease Expiration
- 10/1/2030
About the Sale
- Seller Motivation
- Moving Out of Town
- Transition Support
- Can provide up to 2 weeks of training, and franchisor will also provide training.
Listing Info
- ID
- 2433200
- Listing Views
- 103
Listing ID: 2433200 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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