Cheesesteaks & Wings Franchise - Woodlands Area
Listing: # 8319
Price: $ 299,000
Location: North Houston
Listing Profile
| Classification: |
Fast Food Establishment |
| Purchase Price: | $299,000 |
| Real Estate Price: | $0 |
| Working Capital: | $0 |
| Total Investment: | $299,000 |
| Down Payment Required: | $224,000 |
| Gross Revenue: | $604,681 |
| Discretionary Earnings: | $149969 |
| 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! Rent is only 10% of sales AND INCLUDES UTILITIES!!. 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 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.
Contact Marcia Bowron