See Similar Listings

Quick Service Restaurant - Net $214,000 - Crazy Popular Concept - Easy

Phoenix, AZ

Seller Financing Available

listing image
Asking Price:$499,000
Gross Revenue:$719,257
Rent:$3,200/Month
Established Year:2023
Cash Flow:$213,959
Inventory:$15,000
FF&E:$225,000
Listing ID: 2276814Listing provided by BizBuySell
BUSINESS DESCRIPTION

Cash Cow - Great for 1st time owner or established entrepreneur!!!!

This Quick Service Restaurant (QSR) Franchise Concept (Corndogs) has been around since 2019 and is growing very fast with great name recognition amongst a very loyal following that continues to grow every month. This QSR is located in a very busy strip mall and only a few doors away from the Anchor, Walmart. All systems are in place for continued growth with a fantastic manager and trained staff. New owner can choose to run it absentee or be involved in the day to day operations. Their is still much room for growth as current owners have done minimal marketing. The franchise is extremely supportive and you won't find a business that nets this kind of income that is this easy to run. The franchise operation model is set up to minimize labor cost while retaining efficiency and simple but quality food at a very low cost. Wether you are a new business owner or existing owner trying to expand your business portfolio - this one is a clear winner!!!

DETAILED INFORMATION
Location
Phoenix, AZ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,600
Lease Expiration
01/08/2030
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The restaurant is 1600 square feet with ample room for dining in and includes storage, prep area and small owner office. The buildout was completed in August of 2023 with all new equipment and fixtures. The floors were upgraded from tile to stained concrete which was much more expensive but they look great and are easier to keep clean. Parking is never an issue as the parking lot of the strip mall is huge. 6 years remain on the lease with options to extend.
Competition
The fast food business is competitive but this segment is one of the fastest growing in the industry. There is no direct competition within 10 miles.
Growth & Expansion
The business is growing and will continue to grow with awareness of its location. The current owner has done minimal marketing and new owner would benefit from investing in digital and mail advertising.
Financing
Seller financing may be available for good credit
Support & Training
The new owner will provide training for two weeks or until new owner is comfortable. With Manager and trained staff, along with franchise support, new owner will mostly need help with scheduling, food ordering and admin duties which are all pretty easy.
Reason for Selling
Retirement
Franchise
This business is an established franchise
Report an Issue with this listing
Business SalesSouthwest
Phone Number
Business Sales Southwest
Call Phone