Eastern Kentucky Franchise For Sale Over $800K Revenue, Pikeville, KY 41501
- Retail properties & Spaces
- 2,682 SF
Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Eastern Kentucky Franchise For Sale Over $800K Revenue
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This established Moe's Southwest Grill franchise presents a unique opportunity for ownership in Pikeville, Kentucky. Boasting over nine years of operation and exceeding $800,000 in annual sales, this turnkey business is housed in a 2,682 square foot leased space. The current lease, expiring October 14, 2025, offers a five-year term with a monthly rent of approximately $6,000. The restaurant comfortably seats 79 guests, including indoor and outdoor patio seating, ideal for catering events. The sale includes all existing equipment, fixtures, and furnishings, such as a full kitchen with a griddle, fryer, and various ovens, POS system, refrigeration units, and ample seating. The business benefits from a loyal customer base in a high-traffic area, and the franchise offers ongoing support and training. This is an asset sale, and the asking price is $119,000. Inventory is not included. Seller financing is not available. This presents a compelling opportunity to acquire a profitable, established restaurant with significant revenue potential in a thriving Eastern Kentucky location. The current operation is absentee-owned, but an owner-operator could significantly improve profitability through cost control measures. The franchise fees are 5% royalty and 2% national marketing, both within industry standards. A $15,000 transfer fee covers two weeks of training at the franchise headquarters.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pikeville
- County
- Pike
- State
- Kentucky
- Longitude
- -82.5354
- Latitude
- 37.4877
