Listing ID: 69969
Join One the Nation’s Largest Barbeque Chain!
Enjoy multiple revenue streams of revenue; Dine In, Catering, Retail Items,
Holiday Meals, Online Ordering & Outside Delivery!
IT’s all this is teed up and ready to go for you at this newer build North Carolina Location.
This Very Profitable and turnkey franchise is priced to sell.
Owner must sell due to personal issue so all reasonable
offers will be entertained.
• Partial Owner Financing Available
• Cash Flowing over $150k per year!
• Strong Sales over $800k and growing even in 2020 and 2021 !
• Strong Location in Major Strip with National Tenants all around
• Good Looking and Authentic Themed Build Out
• LOW RENT only $4750 ALL IN and includes garbage pick ups!
• Huge Catering and Delivery Business
• Around 3000 sq ft Low Foot Print = Low Cost to Operate
• Fully stocked and equipped Kitchen
• Walk in Cooler
•Walk in Freezer
• 1000 gallon grease trap
•2 Hoods 4 & 12 ft
• Established brand
• Low franchise fees
• Thorough training in management, operations & marketing
• Protected territories
• High purchasing power to avoid over-paying for goods
• Quality products in our restaurants
• Six revenue streams
• Ongoing support from our home office
• Multi-unit development deals available
• Turn Key and Up and Running
• Save Tens of Thousands on Build Out
• Primed for Growth
• Limited Hours = Great Quality of Life
• No Restaurant Experience Required
• Full Corporate Training and Support
Offered at $199k
Information deemed reliable but not guaranteed.
Buyer to verify all information prior to purchase.
- Asking Price: $199,000
- Cash Flow: $150,000
- Gross Revenue: $800,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell companies. However, the true reason vs the one they say to you may be 2 totally different things. As an example, they might claim "I have way too many various commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these may simply be excuses to try to conceal the reality of changing demographics, increased competition, recent decrease in revenues, or a variety of other reasons. This is why it is very essential that you not count completely on a vendor's word, yet rather, utilize the vendor's solution together with your total due diligence. This will paint a more sensible image of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses finance loans in order to cover points such as supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that earnings margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that need to be met or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract brand-new customers? Many times, operating businesses have repeat consumers, which create the core of their day-to-day profits. Specific aspects such as brand-new competitors sprouting up around the location, road building and construction, and also personnel turn over can influence repeat consumers and negatively impact future incomes. One essential point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the higher the chance to develop a returning consumer base. A last idea is the general area demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? Just how might the local average home earnings effect future income prospects?