Thriving Wing Business (New Great Price)

Greensboro, NC (Guilford County)

Thriving Wing Business (New Great Price)
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Asking Price: $175,000

Cash Flow: $120,000

Gross Revenue: $550,000

EBITDA: N/A

FF&E: $215,000

Inventory: N/A

Rent: $2,500 /Month

Established: 2017

Thriving Wing Business (New Great Price)

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Business Description

A beautiful, built-from-scratch-new (for $180K) two years ago hot wing business, with a great business model. Sales are about 50K a month and trending up, with a pure net of 10K/mo. for the owner-operator.
Mostly call-in take-out business, but has dine-in for about 20 people. 5,000 wings were sold on Super Bowl Sunday and they were featured live by the local news (Ch.2). Rent is only 2500/mo. for about 1800 sq, ft. with 10 years remaining on the lease if the option is executed.
Made from scratch delicious and varied sauces. Wings are about 70% of their business, but they also have sandwiches, apps., sides, etc. The owner has wife and kids and another business out of state and wants to return to them, and a business partner that did not work out. Just hired a manager. Very popular and well-located for a wing business. Rare, nearly 50% cash business.
Turnkey offering with all new equipment, two weeks of training, advanced POS system, recipes, etc. Business is family friendly and serves no alcohol.

New Price of 175K is great considering the owner is tracking 120K in net income after all expenses. Employees cost about 8K/mo. and food costs are about 35%. Wings are expensive wholesale but it is probably the hottest food segment, with loyal customers. Excellent business name and branding. Located in a strip center of a main rd. in Greensboro.

Please inquire for more details.

Detailed Information

Location:
Greensboro, NC
Real Estate:
Leased
Building SF:
1,870
Lease Expiration:
4/1/2029
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Brand new two years ago, built from scratch attractive restaurant with all new equipment. 4 fryers, flat top, and a large hood. Walk-in cooler. Employee and public bathrooms. Strong business name and branding. New state of the art POS system, and security cameras. Everything needed to continue success is in place.
Competition:
Wings are the hottest thing going in the restaurant business.
Growth & Expansion:
This is an expandable franchisable name and brand, but it is independent.
Support & Training:
Two weeks of comprehensive training included in the sale.
Reason for Selling:
Out of state family and business to which the owner-operator wants to return.
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(from currently available funds)
 
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BROKERAGE HOUSE

Business Listed By:
Ben Haines

BH Business Brokers Mergers and Acquisitions

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