Listing ID: 6582

Business Overview

Consistent sales for over a decade from this nationwide brand name franchise. Chicken wings and much more is a great alternative to the pizza delivery business. Sales continue to be very solid year after year. NO dine-in restaurant hassles that are full of additional headaches and expenses. Take-out and Delivery ONLY. This is a clean turnkey operation that would be an excellent opportunity for owner/operator. Good books from third party accounting firm and short learning curve. ALL INQUIRES CONTACT: ROB SPROLES 850-341-3863 EMAIL: robsproles@msn.com

Financial

  • Asking Price: $345,000
  • Cash Flow: $101,000
  • Gross Revenue: $1,232,000
  • EBITDA: $
  • FF&E: $25,000
  • Inventory: $9,000
  • Inventory Included: N/A
  • Established: 2001

Detailed Information

  • Building Square Footage:1,500 Sq Ft
  • Furniture, Fixtures and Equipment:$25,000
About The Facility:

1,500 sq.ft. with rent of $1,554. Ample parking in strip center in busy part of town. Same location since very beginning. Rent cost very low compared to gross revenues.

Is Support & Training Included:

franchisor and in house

Purpose For Selling:

owner lives out of state and operates other family businesses

Pros and Cons:

consistent sales speaks for themselves

Addition Info

The venture was started in 2001, making the business 19 years old.
The transaction shall include inventory valued at $9,000, which is included in the asking price.

Also, Furniture, fixtures and equipment valued at $25,000 shall be included in the requested price.
The business has 16FT/15PT employees and is situated in a building with estimated square footage of 1,500 sq ft.
The property is leased by the business for $1,554 /Month

3 Things to Consider When Researching businesses for sale in Escambia County - Pensacola, Florida

a company is among the biggest decisions you will certainly make in your life time. Choosing sensibly can cause tremendous financial benefits for you, your loved ones, and your retirement. Nonetheless, in order to make a proper decision, you must take into consideration several points.|In order to make an appropriate choice, you should think about numerous points.} Below are 3 crucial items to take into consideration before acquiring a company in Escambia County - Pensacola, Florida.

Why is the Current Owner Selling The Business?

{There are all kinds of reasons people resolve to sell companies. Nonetheless, the real reason and the one they say to you may be 2 absolutely different things. As an example, they may say "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may just be justifications to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in earnings, or a range of other reasons. This is why it is very vital that you not count absolutely on a seller's word, but rather, make use of the seller's answer in conjunction with your total due diligence. This will repaint an extra sensible picture of the business's existing situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies borrow money with the purpose of covering items such as inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can suggest that revenue margins are too small. Many organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or may lead to fines if terminated early.

Understand the Customer Base, Competition and Area Demographics

Exactly how do companies in the Escambia County - Pensacola, Florida location draw in brand-new customers? Often times, companies have repeat customers, which form the core of their day-to-day profits. Particular elements such as brand-new competition sprouting up around the area, roadway building, and personnel turnover can impact repeat consumers and also negatively impact future profits. One vital thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the better the opportunity to develop a returning client base. A last idea is the general area demographics. Is the business located in a largely populated city, or is it located on the edge of town? Exactly how might the regional typical home earnings impact future revenue prospects?