HS Listing ID-73107
The business is currently operated on an absentee basis with a full team already in place, making this an attractive opportunity for either an investor seeking an established operation or an owner-operator looking to become more involved and potentially increase profitability.
The concept is centered around wings and other popular fast-casual menu items, including chicken tenders, burgers, wraps, cheesesteaks, ribs, quesadillas, salads, sides and desserts. The business also offers catering, providing an additional revenue channel beyond its regular walk-in, takeout and delivery business.
Financial Overview
Annual Gross Revenue: Approximately $650,000
Annual Net Profit: Approximately $150,000
Average Monthly Gross: Approximately $54,000
Net Margin: Approximately 23%
Current Operation: Absentee
Full Staff in Place
The business’s ability to generate approximately $150,000 in annual net profit while being operated absentee is a significant selling point. A hands-on owner may have opportunities to further improve profitability through tighter labor management, purchasing controls, local marketing and direct oversight.
Lease & Occupancy
Current Rent: $4,400 per month
Annual Rent: $52,800
Approximately 8 Years Remaining on Lease
The remaining lease term provides a buyer with long-term occupancy and the ability to invest in growing the operation without facing an immediate lease expiration or relocation.
At approximately 8% of current gross sales, the stated base rent represents a manageable occupancy ratio for the operation.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
