MergerPlace

Freestanding Franchise American Restaura

Arlington, Texas (Tarrant)


  • Asking Price: $1,100,000
  • Gross Income: $671,792
  • Cash Flow: $135,112
  • Real Estate: $1,100,000
  • Inventory: $5,000
  • FF&E: $100,000
  • Listing ID: #215972
  • Established: 2004
  • Employees: 4FT/7PT

Business Description

Office ID: #000411

Franchise home-style cooking American restaurant established for a decade in the epicenter of a busy community is available for sale. Established in early 2004 by the current owner and has built a strong foundation in the last decade of operation. This is the only quick service traditional home-style cooking American restaurant within the immediate market area. Any other business nearby this restaurant doesn’t provide a drive-thru and are fast food chains. The location of this business is in a low-middle class community which makes a majority of the restaurant's customer base. Net sales have been around $740,000-850,000/year for the past 3-4 years without any owner involvement in the main operation. More active owner involvement, coupled with pro-active marketing in local neighborhoods and local business will help achieve a significant increase in gross sales if properly done in the right areas. Also the business is anchored very well by the major grocery chain in the nearby retail strip center and could be used to potentially increase drive-thru sales with marketing. As all the menu items were created to provide quick service, both dine-in and drive-thru are exceptionally fast and can handle increase of customers. The menu consists of many traditional American cuisines such as fried chicken, grilled chicken, chicken fried steak, grilled fish, pot roast, breakfast sandwiches, desserts, and much more. Acquisition of this well-known franchise along with great marketing will provide what this business needs to reach its full potential.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Texas
Metropolitan Area: Arlington
County: Tarrant

Company Information

Year Established: 2004
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 4FT/7PT

Financial Information

Asking Price: $1,100,000
Gross Revenue: $671,792
Cash Flow: $135,112
FF&E: $100,000
Inventory: $5,000
Real Estate: $1,100,000
Seller Financing Available: No

Property Information

Facilities:

This facility is located in a prime location with great visibility and the drive-thru consists of 60% of total sales. All equipment is in excellent condition and well maintained along with a state-of-the-art facility. This gorgeously built standalone building with drive-thru can be converted into other type of restaurant in order to maximize potential of this prime location.

Growth & expansion opportunities:

Proactive marketing needs to be done to fully utilize this business, already anchored by a major grocery chain to bring potential customers. Large signage in front of the facility allows for fantastic visibility around the intersection.

Competition:

Only drive-thru home-style cooking of American cuisines in the immediate market and any other similar businesses are all low fast food quality without drive-thru.

Reason for selling:

Other Opportunities

Support & Training:

Owner will provide training along with franchise HQ providing extensive training for a smooth transition into the business. Such training will take place locally in Dallas.

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Business Listed By:

V-AID Group

www.v-aidgroup.com