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Businesses For Sale

Cheesesteaks & Wings Franchise Located North of Houston

Listing Agent:


Marcia Bowron

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Listing: # 8319

Price: $ 265,000

Location: North Houston

Listing Profile

Classification:

Fast Food Establishment

Purchase Price: $265,000
Real Estate Price: $0
Working Capital: $0
Total Investment: $265,000
Down Payment Required: $215,000
Gross Revenue: $589,402
Discretionary Earnings: $91,677
Imputed Rent: $0
Total Cash Flow: $0

Description and Operations


Established Date: 2021
Monthly Rent: $
Reason for Sale: Partnership disagreements
Employees(Full): 4
Employees(P/T): 7

Reason for Sale:
Partnership disagreements


Description:
This award-winning Quick Serve Restaurant (QSR) franchise is located inside a popular big box store in a highly affluent area north of Houston - can’t get much better foot traffic! 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. Seller is offering some seller financing to a qualified buyer.

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