Business Overview

Prime location American BBQ restaurant in end-cap space with huge growth potential in an untapped marketplace is now available for an asset sale. Various menu items are offered at this restaurant ranging from salad, meat plates, sandwiches, baked potatoes, meat by the pound, sides, desserts, alcoholic beverages, etc.

Gross sales have been consistently growing since its inception and are currently running at $400K per year, and with its prime location and strong product line, coupled with a constant effort on proactive marketing could possibly bring the sales up.

The next owner can either keep this concept and be more proactive in local and online marketing to create more exposure and acquire new customers from the untapped areas of the city or convert this turn-key restaurant into their own concepts. This prime location facility that has a lot of potentials, coupled with the right concept and aggressive marketing, is perfectly suitable for the next buyer who wishes to start a restaurant business with minimal investment in equipment and build-out.

Listing ID #001112
For more info, please call Stephen Lee at 1-866-519-2421.

Financial

  • Asking Price: $100,000
  • Cash Flow: $44,023
  • Gross Revenue: $471,081
  • EBITDA: N/A
  • FF&E: $100,000
  • Inventory: $2,500
  • Inventory Included: Yes
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This business in a 4,445 SF end-cap space of retail strip center is located next to a major highway with consistently heavy traffic and is surrounded by densely populated residential areas and huge business areas that attract a number of people to the area. All major equipment was purchased as brand new when the current owner established this business in 2019.

Is Support & Training Included:

No training will be provided as this is an asset sale selling all equipment and location of this restaurant business as is.

Purpose For Selling:

Health issue / Other Opportunities

Pros and Cons:

Few competitors are within the immediate market area, but this business has a geographical advantage as it is very close to a major highway with heavy traffic. In addition, the price point of the products offered by this business is much more reasonable than its competitors given the demographic of the area.

Opportunities and Growth:

Currently, some online marketing is in place through Facebook, Twitter, and its website. The next owner can either keep this concept or be more proactive in local and online marketing to create more exposure and acquire new customers from the untapped areas of the city or convert this turn-key restaurant into their own concept.

Additional Info

The venture was established in 2019, making the business 3 years old.
The deal shall include inventory valued at $2,500, which is included in the suggested price.

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell operating businesses. However, the real reason vs the one they tell you may be 2 absolutely different things. As an example, they may say "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in revenues, or an array of various other reasons. This is why it is very vital that you not count absolutely on a vendor's word, however instead, utilize the vendor's answer together with your total due diligence. This will repaint an extra reasonable image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money in order to cover points like inventory, payroll, accounts payable, and so on. Remember that occasionally this can mean that profit margins are too tight. Numerous businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that need to be satisfied or may cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location draw in brand-new customers? Most times, operating businesses have repeat consumers, which develop the core of their everyday earnings. Particular elements such as new competitors sprouting up around the location, road building and construction, and staff turn over can affect repeat clients as well as negatively influence future earnings. One important point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the opportunity to construct a returning consumer base. A final thought is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood typical family earnings effect future revenue potential?