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BANKRUPTCY AUCTION 22 OPERATING KFC s LEASEHOLDS
Howard Beach, New York
Bankruptcy Auction- US Bankruptcy Court EDNY (22) Fully Operating KFC Franchises $22,000,000 ± Revenue (2009) Available in Bulk, Groups and/or... Retail Property
Status:
Price:
Bldg. Size:
Units:
Cap Rate:
Primary Type:
Sub-Type:
Active
Not Disclosed
2,880 SF
N/A
Retail
Restaurant

Buffalo, New York
Spacious bar, close to Buffalo State College. Circuit breakers, forced air furnace, separate bathrooms for ladies and gentlemen, kitchen...

Description

Bankruptcy Auction- US Bankruptcy Court EDNY

(22) Fully Operating KFC Franchises
$22,000,000 ± Revenue (2009)
Available in Bulk, Groups and/or Individually

" Franchises Sold w/ Leases in Place (Many Long-Term/Under-Market)
" Incredible Turn-Key Opp for New or Existing Franchisees!
"
" Franchise Locations
"
" Queens:
" #101: 158-50 Crossbay Blvd, Howard Beach
" #102: 248-04 South Conduit Ave, Rosedale
" #103: 87-19 Jamaica Ave, Woodhaven
" #104: 140-04 Queens Blvd, Jamaica
" #105: 1312 Beach Channel Dr, Far Rockaway
" #106: 117-05 Francis Lewis Blvd, Cambria Heights
" #107: 175-46 Hillside Ave, Jamaica
" #108: 122-21 Merrick Blvd, Jamaica
" #109: 152-12 Rockaway Blvd, Jamaica
" #110: 114-25 Sutphin Blvd, Jamaica
"
" Brooklyn:
" #111: 3143 Atlantic Ave
" #112: 90 Fourth Ave
" #113: 1994 Atlantic Ave
" #114: 1040 Bedford Ave
" #115: 1556 Myrtle Ave
" #116: 495 Nostrand Ave
" #117: 666 Bushwick Ave
" #118: 1667 Pitkin Ave
"
" Manhattan:
" #119: 1922 Third Ave
" #120: 707 Lenox Ave
"
" Nassau:
" #121: 557 Atlantic Avenue, Oceanside
" #122: 217 W Merrick Road, Valley Stream

" Additional Information:
" Please Download Confidentiality Agreement (on Maltz website) for Access to Detailed Due Diligence Information
" KFC was Recently Ranked the #1 Fried Chicken by ZAGAT!!!
" Very Strong Territorial Protection of 1.5 Miles or at Least 30,000 People


Overview of Sales Process: This is a three-step auction process. The first step is the submission of binding, sealed bids that are due April 15th for Non-Franchisees and May 13th for Existing Growth Ready Certified Franchisees. The top 5 highest or best bids for individual and bulk offerings will be submitted to KFC Corporation for review. Once preliminarily approved, the qualified bidders will be invited to an open outcry auction scheduled for June 9th. Only bidders who have submitted the top qualifying bids and have been preliminarily approved by KFC Corporation will be allowed to bid at the auction on June 9th. The third step is confirmation of the successful bidder. Please Note: If two equivalent bids are received, the best bidder will be identified as the first bid received.


Bid Deadline: April 15th for Non-Franchisees and May 13th for Existing Growth Ready Certified Franchisees.


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