33 Year Turn-Key Fast-Food Restaurant For Sale

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Description

Summary Description
A very easy operation to run, no experience necessary. Looking for an owner-operator to continue growing the business. This profitable well-established fast-food restaurant is one of the lead restaurants in the area. Fully operational this restaurant includes an eat-in restaurant seating area but has pivoted during Covid to be able to grow doing only pick-up and delivery orders. The restaurant serves a mass-market family clientele and is well known for their variety of freshly made fried chicken, fish, sandwiches, fries, salads and desserts.  Plus, they offer family and party sized combos.  They possess proprietary recipes and products, a locally recognizable brand name, as well as strong customer loyalty and brand awareness. The restaurant spans approximately 1,350 sq.ft. and includes a 24-seat dining room. The kitchen provides a large working space complete with first class well-maintained equipment. Located in on a busy street and accessible by a variety of neighbourhoods this is a destination for many loyal patrons.

General Information
Year Established: 1988

Employees: 10
Facilities: Currently operating in an approximately 1,350 sq.ft. of total space, includes 24 seat dine in area, office and storage.  Multiple freezers/fridges, and fryers. Business is well maintained and has their own proprietary recipes.  This is a clean building inside and out, and loads of parking.

Market Outlook
Competition: The menu stands out from all the rest, this is one of a few restaurants of its kind in the area. The brand is well known locally, and there is loads of vehicle traffic.

Growth and Expansion: Theme and menu are duplicable making it a fit for a multi-location operation. Hours and menu expansion are regularly requested by customers and growth in catering is an opportunity. Plus, the current owner has not advertised much, new owners can further grow the business by implementing a new marketing plan.

Property Id : 19810
Business Asking Price: $315,000
Gross: $900,000
Seller’s Cash Flow: $165,000
Listing ID: LBBO40
Support/Training: Seller will help in train during a transition
Financing: Will finance for a qualified Buyer
Reason for Selling: Retirement

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William Sivell