30-Year Established Franchise American Home Cooking Restauran~ #000327

Fort Worth, TX (Tarrant County)

30-Year Established Franchise American Home Cooking Restauran~ #000327

Asking Price:$249,000

Cash Flow:$125,000

Gross Revenue:$926,450

EBITDA:N/A

FF&E:$125,000

Inventory:$5,000

Rate/Sq. Ft.:N/A

Established:1982

30-Year Established Franchise American Home Cooking Restauran~ #000327

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Business Description

Grand size American home cooking restaurant franchise with a fast food concept and 4 decades of establishment is available for acquisition. Established in 1982 and was later acquired by the owner of the business in 2005. Some restaurant chains are within the immediate market area, but this is the only home-style American restaurant that has been operating for over 4 decades at this area without any instability in yearly sales. Loyal customers are the majority of the customer base that has accumulated in the last 45 years of operation consisting of a well mix of all ethnic groups. In the last decade of operation since the acquisition from the current owner, sales were around $900,000 - $950,000/year and are expected to increase to $1,000,000/year after the completion of renovations. Proactive marketing will be needed to take advantage of the completion of renovations and increasing customer diversity. No marketing is currently done by the current owner who uses corporate ADs as the main source of marketing towards local residents. Coupled with the completion of renovations and proactive marketing to draw more local residents the sales are expected to drastically increase. Menu items provided at this operation consists of country fried steak, breakfast buffet, pancakes, fried chicken, grilled chicken, roasted chicken, pot roast, catfish, sandwiches, and various sides to accommodate each entree. This American restaurant franchise is already set-up for more revenues and acquisition of this business would easily become a valuable asset.
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
5FT/8PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The inside and outside of this 4,881 SF facility is currently being remodeled while operation is ongoing. Drive-thru service is available and once renovations are completed the business will look fresh. All equipment is in excellent condition and in working order.
Competition:
Few competitors are within the immediate market area, but don’t pose any issues as this business is the only business that has been operating for a long period of time and is the only home-style cooking restaurant in the immediate area.
Growth & Expansion:
Proactive marketing is needed to grow the business as there's no local marketing and only advertisement done is through corporate ads.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
Owner will provide training during a 2 week period for a smooth transition into the business.
Reason for Selling:
Other Opportunities.
Franchise:
This business is an established franchise

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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

V-AID Group, Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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