Established Wings Restaurant in Katy

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF. # 76931-526788 Priced to sell! This wings restaurant and bar franchise opened in 2015 and is located in the Katy area of west Houston with seller financing available to qualified buyers. This is an excellent opportunity for an experienced restaurant operator. This franchise brand is based on the east coast and has over 350 locations across the United States and overseas. The concept was born in South Korea and prides itself that all chicken is made to order and uses only the finest quality ingredients. The fried chicken has won many accolades and is hand battered, double fried, and brushed with its signature sauces. Menu items include chicken wings, drumsticks, boneless wings, and also a delicious selection of Asian fusion cuisine. Dine-in, carry out, delivery, and catering provide multiple revenue streams! The restaurant for sale has 3,000 sq ft and is located in an upscale shopping center with excellent demographics, visibility, and traffic counts. Monthly rent (including CAM) is $10,500. The business averages about $1.2M in annual revenue with $140K in estimated discretionary earnings for 2021. The listing price includes over $100,000 in FF&E, $75,000 in Leasehold Improvements, plus $30,000 in inventory. There are 17 employees including 2 managers on staff. The owner will provide 2 weeks of training to ensure a smooth transition. Additional time is available upon request. The current owner is involved in another business and doesn't have enough time to dedicate to this restaurant. Increased marketing and sampling to nearby businesses, schools, and churches will help increase revenue going forward. There are also strong delivery, catering, and corporate opportunities in the area. Location: Fort Bend County, Texas Year Established: 2016 Number of Employees: 17 Real Estate: Leased Building Sq. Ft.: 3,000 Rent: $10,500.00 Per Month