Country:

USA

State or Province:

TN, AL

City:

Knoxville

Location Zip or Postal Code:

37916

Service Type:

Sit-Down Table Service, Counter Service/Fast Casual, Catering

Title of Listing:

New-Build Fast Casual Chicken Restaurant For Sale (Knoxville)

Year Established:

2019

Number of Locations:

1

Number of Seats:

Less than 50

Size:

2300, Square Feet

Patio:

No

Number of Employees:

11-50

Hours of Operation:

Wings Over Knoxville is open seven days a week, 11am - 11pm. Expanded hours during the school year and reduced hours during summer and winter months are both open to consideration by the master franchisor

Growth or Expansion Opportunities:

A potential franchisee would have the opportunity to sign a multi-unit development agreed that applied to Knoxville and adjacent cities. The master franchisor is actively growing and is open to larger development conversations

Reason for Selling:

Master franchisor testing a new franchising model

Owner Operated or Absentee Owner or Flexible:

Flexible

Training Provided:

Yes

Asking Price:

$30,000

Gross Revenue Range:

Under $500,000

EBITDA Range:

Under $100,000

SDE Range:

$100,000

FF&E Value (Furniture Fixtures and Equipment):

125000

FF&E Value (Furniture Fixtures and Equipment) included in price:

Yes

Inventory Estimated Value:

$7000

Inventory Value included in price?:

Yes

Asset or Share Sale:

Share Sale

Real Estate Owned or Leased:

Leased

Lease Term Remaining:

8 years

Total Monthly Rent:

$6200

Financial Comments (include any Financing information that may be useful):

Master franchisor will provide all relevant operating details in the CIM.