Successful Restaurant in Prime Covington Location
Business Description
Turn-key, long-term lease
SUCCESSFUL RESTAURANT IN PRIME COVINGTON LOCATION
This highly successful franchised restaurant represents an exceptional turn-key acquisition opportunity in Covington, Kentucky. This local staple has built a loyal customer base over more than 30 years, specializing in high-quality food with outstanding customer service.
FINANCIAL PERFORMANCE:
• Annual Revenue: $1,950,000
• Cash Flow (SDE): $250,000
• Asking Price: $1,249,000
• FF&E Value: $350,000
• Inventory Value: $15,000
LOCATION & LEASE:
• Prime 2,300 sq ft location on central corridor near Covington riverfront
• Favorable long-term lease at $10,000/month
• Excellent real estate positioning in fast-growing market with significant nearby development
GROWTH OPPORTUNITIES:
• Expand operating hours to capture consistent area traffic
• Implement local store marketing initiatives with schools, churches, libraries, and businesses
• Additional franchise opportunities available within the system
• Untapped potential for increased local market presence
BUSINESS ADVANTAGES:
• Turn-key operation ready for immediate ownership transition
• Established brand recognition and customer loyalty
• Proven profitable concept with 30+ year track record
• Stable competitive environment
• Strategic location benefits from ongoing area development
FINANCING & SUPPORT:
• Seller financing available to qualified buyers
• Comprehensive training package: one week hands-on franchisor training plus one month seller support
• Seamless ownership transition process
This opportunity is ideal for owner-operators or investment groups seeking a profitable, established restaurant with strong growth potential in an excellent location. The seller is focusing on other business ventures, creating this rare opportunity to acquire a proven performer in Kentucky's dynamic riverfront market.
This highly successful franchised restaurant represents an exceptional turn-key acquisition opportunity in Covington, Kentucky. This local staple has built a loyal customer base over more than 30 years, specializing in high-quality food with outstanding customer service.
FINANCIAL PERFORMANCE:
• Annual Revenue: $1,950,000
• Cash Flow (SDE): $250,000
• Asking Price: $1,249,000
• FF&E Value: $350,000
• Inventory Value: $15,000
LOCATION & LEASE:
• Prime 2,300 sq ft location on central corridor near Covington riverfront
• Favorable long-term lease at $10,000/month
• Excellent real estate positioning in fast-growing market with significant nearby development
GROWTH OPPORTUNITIES:
• Expand operating hours to capture consistent area traffic
• Implement local store marketing initiatives with schools, churches, libraries, and businesses
• Additional franchise opportunities available within the system
• Untapped potential for increased local market presence
BUSINESS ADVANTAGES:
• Turn-key operation ready for immediate ownership transition
• Established brand recognition and customer loyalty
• Proven profitable concept with 30+ year track record
• Stable competitive environment
• Strategic location benefits from ongoing area development
FINANCING & SUPPORT:
• Seller financing available to qualified buyers
• Comprehensive training package: one week hands-on franchisor training plus one month seller support
• Seamless ownership transition process
This opportunity is ideal for owner-operators or investment groups seeking a profitable, established restaurant with strong growth potential in an excellent location. The seller is focusing on other business ventures, creating this rare opportunity to acquire a proven performer in Kentucky's dynamic riverfront market.
About the Business
- Years in Operation
- 36
- Employees
- 24 Full-time
- Facilities & Assets
- Fully stocked kitchen with refrigerators, freezers, walk-in cooler, walk-in freezer, POS equipment and more.
- Market Outlook / Competition
- Stable competition in a fast-growing market with significant nearby development. Extremely good real estate location and currently has a favorable, long-term lease.
- Opportunities for Growth
- 1. Hours of Operation: Hours of operation can be expanded significantly given consistent traffic in the area at all hours.
2. Local Store Marketing: No local store marketing is currently being done. Can partner with local schools, churches, libraries, or businesses to increase local presence.
3. Franchise System: Additional opportunities are available within the franchise system.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,300
- Rent
- $10,000.00 per month
About the Sale
- Seller Motivation
- Focusing on other business ventures
- Transition Support
- Franchisor will provide a week of hands-on training, and Seller will provide a month of support to ensure a seamless handoff.
- Financing Options
- Seller financing available to qualified buyers only
Listing Info
- ID
- 2456222
- Listing Views
- 127
Listing ID: 2456222 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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