Popular Chicken Franchise - 32384 Business Type: catering and event planning,fast food franchise,other eating & drinking places,other food stores,owner financing available,delicatessen/catering services
Acted as the Advisor to the Deal
Suffolk County, NY
Kings County, NY
Bronx County, NY
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $179,000 | Down Payment | $110,000 |
| Gross Revenues | $550,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $132,000 | Number of FT Employees | Register Free to View |
Financing
$110,000 Down and 69K at 7% per year
Business Description
This nationally-known chicken franchise is located in an extremely busy strip mall on Long Island. Its gross sale is $550,000. Rent is $3400 a month, with a long lease. Seller owns it for over 15 years and wants to retire. Over the years, the business has developed a very loyal clientele; a new owner will be buying a very established business. All the existing employees will stay with a new owner; even the seller's wife is ready to work as an employee of a new owner. Seller is willing to finance. Seller's net cash flow, after paying all the expenses, is $11000 a month. A great business opportunity at a very reasonable price; seller financing is also available. Call Syed at 631-374-7686 for more information.
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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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