Successful Restaurant in Prime Covington Location

Description

Established franchised restaurant for sale in Covington, Kentucky.

The business has operated for more than 30 years and reports annual revenue of approximately $1.95 million.

Financial overview

• Annual revenue: $1,950,000
• EBITDA: $311,767
• Asking price: $1,249,000
• Furniture, fixtures and equipment: approximately $350,000
• Inventory: approximately $15,000

The restaurant operates from approximately 2,300 sq. ft. along a central corridor near the Covington riverfront.

Monthly rent is approximately $10,000 under an existing long-term lease.

The business is fully operational and has an established local customer base.

Potential areas for development include longer operating hours, additional local marketing and partnerships with nearby schools, churches, libraries and businesses.

Additional franchise expansion opportunities may also be available, subject to franchisor approval and territory terms.

Seller financing may be available to qualified buyers. Any financing is subject to negotiated terms.

The transition package includes approximately one week of franchise training and one month of seller assistance.

Continued operation under the franchise brand is subject to franchisor approval, transfer requirements and the applicable franchise agreement.

Buyers should verify historical financials, EBITDA adjustments, lease terms, franchise fees, equipment condition, inventory value and any territory or development rights during due diligence.