Cheesesteak & Wings Franchise in South Houston Suburb
Listing: # 8353
Price: $ 289,000
Location: South Houston
Listing Profile
| Classification: |
Franchise Business |
| Purchase Price: | $289,000 |
| Real Estate Price: | $0 |
| Working Capital: | $0 |
| Total Investment: | $289,000 |
| Down Payment Required: | $289,000 |
| Gross Revenue: | $635,498 |
| Discretionary Earnings: | $124,641 |
| Imputed Rent: | $0 |
| Total Cash Flow: | $0 |
Description and Operations
| Established Date: | 2013 |
| Monthly Rent: | $6753 |
| Reason for Sale: | Owner owns 30+ franchise businesses and has a minimum sales volume level he holds. |
| Employees(Full): | 8 |
| Employees(P/T): | 6 |
Reason for Sale:
Owner owns 30+ franchise businesses and has a minimum sales volume level he holds.
Description:
This award-winning Quick Serve Restaurant (QSR) franchise is located on a busy parkway in a south Houston Suburb in a shopping center that holds a Starbucks, a national brand pizza shop and other national brand retail stores are located behind it. 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 7% royalty fees 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