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The Wall Street Journal Online

Popular Fast-Food Franchise For Sale

Saratoga Springs, New York (Saratoga County)

Photo Available
Asking Price:
$98,000
Gross Income:
$722,000
Cash Flow:
$48,000
FF&E:
N/A
Inventory:
$12,000.00 **
Real Estate:
N/A
Year Established:
2007
Employees:
18
Business Types:
Restaurants
Miscellaneous Retail

** not included in the asking price

Business Description

This business is retail, quick-serve restaurant specializing in the sale of fresh, cooked-to-order boneless and boned wings. In addition, the restaurant offers a broad assortment of ribs, wraps, sandwiches and salads, as well as soft drinks and non-alcoholic bottled beverages.

Boneless wings (tenders) are sold by the pound or half pound. Traditional boned wings are sold by the piece. The wings are breaded but can be purchased unbreaded upon customer request. There are 25 delicious sauce flavors and, countless flavor combinations, to choose from. Wings are served with celery and ranch or blue cheese dressing depending on the size of the order. Side orders of fries, waffle fries, and onion rings are available with combinations of wings and ribs also being available.

This restaurant operates within a franchise system. The business pays a sales royalty equal to four percent of gross sales. The franchisor has been very supportive in terms of training, support and negotiation of favorable vendor/supplier agreements.

The business has developed an excellent reputation in the area having consistently won local media awards for "Best Of" in their market segment.

Detailed Information

Facilities:
The business occupies approximately 2,250 square feet of retail space. The premises, including the customer dining and order area, as well as the kitchen and adjoining areas are meticulously kept, and in very good repair with little or no deferred maintenance. Customer parking within the plaza is ample, well-paved and lighted. The current lease payment, on a triple net basis, is $3,140. The current lease is in effect until September 30, 2017.
Growth/Expansion:
Substantial opportunities exist for new ownership to improve the business. The current owners are currently not spending the required time to maximize growth opportunities through more aggressive marketing and promotion of the business. A new full-time owner/operator who becomes an active member of the business community should experience a steady increase in sales and profitability.
Support/Training:
The owners will stay on for a mutually agreeable and reasonable period of time, to train new ownership and to promote a smooth transfer of the business. In addition, complete training is also offered through the Franchisor.
Reason Selling:
Health reasons and other business commitments.
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Broker Information

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(from currently available resources)
months
 

Business For Sale Listed By

Carl J. Cusano, MBA

Carl J. Cusano, MBA
Capital Business Advisors, Inc.

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