KFC Franchise In Phelps County

Description

KFC restaurant for sale together with the real estate. The location opened in 2010 and sits near busy retail businesses and major roads.

Property

• Real estate must be purchased with the business
• Real estate price: $1,200,000
• Restaurant building has been maintained by the current ownership

The property and restaurant are being sold as one transaction. Buyers should review the building, land, taxes and property value separately from the restaurant operation.

Buyer requirements

• Net worth of at least $1.5 million
• At least $750,000 in liquid assets
• Five years of restaurant ownership or management experience

These are the stated minimum requirements. Final approval will depend on KFC and the terms in place at the time of the sale.

Restaurant

The store has been operating for more than a decade and has an existing customer base in the surrounding area. Its location near retail centers and heavily traveled roads provides regular exposure to local traffic.

The sale gives a buyer an operating KFC location rather than a new restaurant that still needs to be built and opened.

Franchise

KFC is part of Yum! Brands. A buyer will need approval from the franchisor before taking over the location and continuing to use the KFC name.

Buyers should ask for the current franchise agreement and review royalties, advertising charges, transfer fees, remaining franchise term and any required remodel work.

Buyer review

Before closing, a buyer should review restaurant sales, payroll, food costs, equipment, property condition, franchise obligations and any capital improvements expected after the transfer.