35 Year Established Franchise American Restaurant with Drive-thru

Fort Worth, TX (Tarrant County)

35 Year Established Franchise American Restaurant with Drive-thru
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Asking Price: $230,000

Cash Flow: $110,000

Gross Revenue: $687,553

EBITDA: N/A

FF&E: $75,000

Inventory: $6,000*

Established: 1983

*not included in asking price.

35 Year Established Franchise American Restaurant with Drive-thru

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Business Description

35 years established grand size American home cooking restaurant franchise with a fast food concept with great visibility is available for acquisition. This business was originally established over 3 decades ago and the current owner acquired the business in 2012. A majority of the customers are low to middle-class Caucasian and African American from the surrounding densely populated residential neighborhoods. Competition can be expected for any franchise restaurant, but this business serves home-style American cuisine within their own demographic in the area that also includes a drive-thru and superior products high in quality compared to nearby restaurants without a drive-thru. Gross sales average was $700,000/year that has been consistent over the last several years of operation due to the amazing location of the business and online marketing that is done on a regular basis. Proactive marketing and owner's pro-active involvement are crucial to the further growth of this business as utilization of local marketing tactics will bring new set of customers and grow the overall sales of the business. There are many ways to proactively market this business such as direct mailing, social media outlets, delivery services, 3rd party delivery service, weekly specials, coupons and full-time owner involvement. Owner involvement will help reduce excessive payroll expenses and increase the overall customer relationship with the business. As all the menu items were created to provide quick service, both dine-in and drive-thru are exceptionally fast and can handle sudden increase of customer orders. The menu consists of many traditional American cuisines such as fried chicken, grilled chicken, chicken fried steak, grilled fish, pot roast, breakfast sandwiches, desserts, and much more. Acquisition of this well-known franchise along with great marketing will provide what this business needs to reach its full potential.

Listing ID #000766
For more info, please call Kevin Chung at 1-866-519-2421.

Detailed Information

Inventory:
Not included in asking price
Employees:
5FT/8PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 4,144 SF free standing by densely populated residential neighborhoods. The restaurant has 180 seats and features a drive-thru. This business is located in a 2,200 SF free standing building All equipment is in good condition and in working order.
Competition:
Few competitors are found in immediate market area, but this restaurant is the only home-made American restaurant that has home-style cuisine based menu with unique taste in the immediate market area.
Growth & Expansion:
There is no marketing currently done, but proactive marketing methods are crucial to growing this business and acquiring new customers.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
Comprehensive training from the corporate will be provided in addition to owner's training 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.

www.v-aidgroup.com

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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. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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