Seafood Fried chicken business for sale

Asking Price$159,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$530,000

Inventory$5,000
Included in asking price
FF&E$120,000
Included in asking price
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Seafood Fried chicken business for sale


Asking Price$159,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$530,000

Inventory$5,000
Included in asking price
FF&E$120,000
Included in asking price
Business Description
This establishment specializes in seafood and fried foods, and also offers chicken wings. The shop spans approximately 1,500 square feet and features a comfortable, well-organized layout. Average weekly revenue ranges from $10,000 to $11,000. The monthly rent is $1,500; a new owner may be eligible to secure a 10-year lease directly from the landlord, subject to qualification. The current owner originally listed the business for $270,000 but has drastically reduced the price—to an exceptional $159,000—as they are currently under contract to acquire a larger, different type of business in the downtown area. This price is firm and non-negotiable. The annual net profit exceeds $150,000; the business is currently operated by a couple with the assistance of three employees. Business hours are from 10:00 AM to 8:00 PM, Monday through Saturday. It is a highly manageable operation that generates a substantial income. You can expect to recoup your initial investment within just one year. Furthermore, extending the operating hours presents a clear opportunity to further increase revenue. Regarding expenses: annual labor costs amount to $70,000; utilities cost $18,000 per year; and all other miscellaneous operating expenses total approximately $10,000 annually. Revenue is generated through a 50/50 split between cash and credit card transactions. The owner has drastically lowered the price to facilitate the acquisition of another business and intends to sell for $159,000 with absolutely no further negotiation. Please contact us only if you are a serious, committed buyer
About the Business
Employees
4 (2 Full-time, 2 Part-time)
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,700
Rent
$1,500.00 per month
About the Sale
Seller Motivation
other business
Transition Support
2 weeks
Listing Info
ID
2493650
Listing Views
Attached DocumentsAttachment Disclaimer

DD NNA.pdf


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Business Listed by: Peter Han PK Property ,real estate company in PA,NJ,NY.

Listing ID: 2493650 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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