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Businesses for Sale: Listing Details

 
CHARO CHICKEN FRANCHISE VALENCIA
Seller: Attn: Gregg Tobin
Location: Valencia, CA, USA
Listing Number: "PCBB-121"


Asking Price: $65,000 USD USA Dollars
Industry: Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling: Professional demands and family
Year Established: 2004
Number of Employees: 3 Full time & 10 Part time
Yearly Revenue: $575,511
Yearly Gross Income: $530,238

Overview:
This fast growing and recognizable Charo Chicken Franchise features high quality char-grilled chicken and south of the border specialties. The Fast Food Chicken Franchise is based locally in Valencia, California so a new buyer will receive excellent support including 6 weeks of training. The location has a tremendous upside due to the growth of business and residential property. The lunch business is supported by a large concentration of businesses and schools in a 2 mile radius and dinner is supported by a number of upper middle class neighborhoods within walking and driving distance. The business is currently being operated primarily absentee. The sales were in the $700,000 range the first year when the owners were operating the business so the potential is there to take the restaurant to a high level. This is an excellent opportunity to purchase an established franchised restaurant for a great price since the original investment range is $450,000-$500,000. Do not miss out on this opportunity. The landlord will strongly consider a rent reduction for a new buyer. Restaurant can be sold separate from Charo. A new buyer can change concept.

Property Features and Assets:
End unit with double door entry in newer shopping center. The lease is good through 10/31/09 with 2 (5) year options.

Market Competition and Expansion:
There is an untapped market for catering to businesses and schools in this growing market. Once the "Cross Valley Connector" is completed the estimated exposure will be 100,000 cars per day.

Additional Details:

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