Award-Winning Restaurant Franchise in North Houston - Seller Financing
Listing: # 8313
Price: $ 350,000
Location: Houston
Listing Profile
| Classification: |
Fast Food Establishment |
| Purchase Price: | $350,000 |
| Real Estate Price: | $0 |
| Working Capital: | $0 |
| Total Investment: | $350,000 |
| Down Payment Required: | $250,000 |
| Gross Revenue: | $678,306 |
| Discretionary Earnings: | $122,223 |
| Imputed Rent: | $0 |
| Total Cash Flow: | $0 |
Description and Operations
| Established Date: | 042022 |
| Monthly Rent: | $8,583 |
| Reason for Sale: | Partner decision |
| Employees(Full): | 8 |
| Employees(P/T): | 6 |
Reason for Sale:
Partner decision
Description:
This award-winning Quick Serve Restaurant (QSR) franchise is located on a busy freeway on the north side of Houston in a stand-alone building with drive through! A must have after the recent pandemic! A Walmart and other national brand fast food restaurants are nearby confirming significance of this location. The franchise has a successful 37 year tracked record and over 700 locations. With about 70% of growth coming from existing franchisees reinvesting in the brand, this speaks highly of the franchise! They have one of the simplest operations in the industry and a strong corporate team to help support the franchisee to be successful. With delicious cheesesteaks and wings being most popular on their menu, they also offer chicken sandwiches, loaded fries and signature real fruit lemonades. Seller is absentee and location is being run by manager. This may be the franchise you’ve been looking for! Franchisor requires 6% royalty fees, 3 weeks of training and a $10K transfer fee. Franchisor also requires buyer to have minimum $500K net worth with $175K liquid after purchase of business.
Contact Marcia Bowron