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.
Furniture, Fixtures & Equipment: $125,000 (Included in listed price)
Inventory: $5,000 (Included in listed price)
Financing: 100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers.
Year Established: 1982
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.Support/Training: Owner will provide training during a 2 week period for a smooth transition into the business.
Reason Selling: Other Opportunities.
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 And Expansion: Proactive marketing is needed to grow the business as there's no local marketing and only advertisement done is through corporate ads.
Asking Price $199,000
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