Business For Sale Listing 158023
Growing Franchise Takeout/Delivery Restaurant
Status as of Jan-7-2009 at 05:59 PM: Active
Business Summary
Growing Franchise Takeout/Delivery Restaurant
Richmond, Virginia
One of the nations fastest growing takeout/delivery franchises located in a thriving shopping center district in the Richmond area. The franchise is known for its award winning cooked-to-order chicken wings, fingers, chicken sandwiches, burgers, salads and more! Plus, the sale includes two additional franchise licenses for expansion in the Richmond area. A leader in the quick service industry, this franchisor’s growth is directly related to quality food at affordable prices.
The business was opened in late 2007. All equipment was purchased new. Sales continue to increase. Located in a busy shopping center on a 30,000+ traffic count road, the surrounding area has numerous housing developments, a community college and many business/government offices. A long term lease is in place with options for additional years.
Absentee seller is not active in the business. Competent managers are in place. The business can be easily learned with no prior restaurant experience. Great marketing program provides full color print advertising flyers and mailers .An experienced operator can take this business to a new level.
Store has a comprehensive POS computer system that measures sales by hour, by day, by food type, etc enabling food ordering and scheduling to be quick and simple. Also, it captures customer name, phone, and address for quick inexpensive target marketing. Web ordering is a growing part of the business.
Two additional locations in the Richmond area are reserved as protected territory for future expansion.
Reason for Sale: Seller has a full time job and cannot devote time to the business. Seller is willing to finance the sale.
Purchase Price: $125,000
Gross Revenues: $587,777
Cash Flow: $ 45,920
Cash Flow Type: SDCF
Value of Inventory: $6,000 (included in asking price)
FF&E: $262,000 (included in asking price)
Categories
Industry
Location
Financials
| Sales: |
Between $500 Thousand And $1 Million ($587,777) |
| Profits: |
Under $100 Thousand ($45,920) |
| Profit Type: |
Cash Flow |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $100 Thousand and $500 Thousand ($125,000) |
