Successful Restaurant in Prime Covington Location

Description

This established franchised restaurant presents a turnkey acquisition opportunity in Covington, Kentucky. Operating for more than 30 years, the business has developed a loyal customer base and a strong reputation for quality food and customer service.Financial Overview:Annual Revenue: $1,950,000EBITDA: $311,767Asking Price: $1,249,000Furniture Fixtures and Equipment Value: $350,000Inventory Value: $15,000Location and Lease:The business operates from a 2,300 square foot location positioned along a central corridor near the Covington riverfront. A long term lease is in place with monthly rent of $10,000. The location benefits from continued growth and nearby development activity.Growth Potential:Opportunities exist to expand operating hours and strengthen local marketing efforts through partnerships with schools, churches, libraries, and nearby businesses. Additional expansion opportunities may also be available within the franchise system.Business Highlights:Fully operational and positioned for immediate ownership transitionEstablished customer loyalty and recognized brand presenceConsistent operating history with more than three decades in businessStable competitive positioning within the marketLocation supported by ongoing area developmentFinancing and Transition Support:Seller financing may be available for qualified buyers. Transition support includes one week of franchise training and one month of seller assistance to support a smooth ownership transfer.