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Franchise Quick-Serve American Restaurant
Location: United States -> Texas -> Dallas County
Industry: Food and Beverage > Other Food and Beverage




Business Summary

Franchise home-style cooking American restaurant established for over 3 decades that is located in the epicenter of a busy community is available for sale. This business was originally established 35 years ago in 1984 and later acquired by the current owner in 1999. This business occupied in a 3,713 SF space of free-standing building featuring convenient drive-thru is located nearby super regional shopping center and the mall of this city which have numerous brand name national retailers and major restaurant chains. This nationwide franchise restaurant is well known as the place for country-style homemade American food, and their chicken fried steak & dinner roll are very famous as one of the best quality product within the industry. The restaurant offers more than 50 variety of fast casual home cooking foods such as country fried steak, all day breakfast buffet, pancakes, fried chicken, grilled chicken, roasted chicken, pot roast, catfish, sandwiches, and various sides to accommodate each entree. A majority of customers is very well mix of all ethnicity in wide range of age group. A large portion of customer consists of loyal customers that have been accumulated for the last 35 years of operation. Competition is unavoidable in this type of industry, but this franchise is highly competitive in terms of traditional home-style cooking of American cuisine concept with its reputable name widely-known to people and reasonable price point, and moreover this business is the only location from this franchise in this whole city. The most recent gross net sales of this nationwide franchise American cuisine restaurant has been running at around $850-900K per year which is quite down from previous years used to be over $1Mil mainly with higher catering sales. However, its prime location and its name recognition, coupled with more of catering marketing will definitely bring his business back to its previous days and be able to reach its full potential. Some marketing is in p...


Financials

Asking Price Range:  < $250K
Gross Revenues:   $832,542
Cash Flow:   $116,622
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  1984
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  Yes
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  While Corporate will provide a comprehensive hands-on training, the current business owner will provide training and support to make the transition as seamless as possible.
Reason For Selling:  Retirement




Print Listing Id: 700345128
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Texas Businesses For Sale > Texas Franchises For Sale > Texas Business Brokers



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