Business Summary:
Quick service drive-thru takeout fried chicken and seafood restaurant on a busy road in Fort Worth, Texas near 35W. The owner typically works 10 hrs/wk. The location has operated as a fried chicken restaurant for over 35 years. It has a strong reputation and will benefit from a hands-on owner operator to increase sales and profits. Sales WERE $42k-43k/month but declined due to owner\'s absence. The facility has no seating. Outdoor seating could be added. Price $75,000: $40,000 down and $35,000 seller financed (5 yrs @8%, $709.67/month) or $60,000 ALL-CASH. The assets include inventory at cost of $3,000 and FFE of $50,000.
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| Year
Business was Established: 1975 |
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| Number of Employees:
3 |
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| Facilities / Terms of Lease:
The ~1800 SF stand-alone building on 18,600 sf lot fronts on Berry street, 1 block East of Interstate 35W. The monthly lease is ~$3,000 + NNN plus approximately $4,500/yr property taxes + insurance. The security deposit is ~$4,000 plus last months rent deposit of $3,500. The 10 year lease expires approximately December 31, 2013. Purchaser is responsible for any real estate lease application or transfer fees. The spaceincludes main kitchen-prep, drive thru station, secondary prep area, 2 restrooms, office, 2 6x8 walk-ins and 2 dry storages. |
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| Potential
Growth/Expansion:
This is a good, hi traffic location with excellent potential. A new owner can continue to grow the business and profits in several ways: Hands-on owner operation Improve Customer service and friendliness Hire attractive counter person to greet customers and take orders Targeted Local advertising and marketing Promote catering to local businesses, sports organizations and schools Direct mail surrounding neighborhoods using mail list |
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| Competition:
Customers can eat anywhere they want. This restaurant offers great prices, selection, reliable quality and fast service. |
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| Owner
willing to finance:
Price $75k: $40k down & $35k Seller-financing (~$709/mo) or $60k ALL-CASH |
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| Owner
willing to train:
The seller will provide 2 weeks training and ongoing telephone support, as mutually agreed, to ensure a seamless ownership transition. |
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| Reason for selling:
Owner has a second restaurant 9 miles away |
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Seller Reference Number: 19357
BusinessMart.com Listing Number: 72019 |
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