Listing ID: 69972
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 types of reasons why people decide to sell companies. However, the genuine factor and the one they tell you might be 2 entirely different things. For instance, they may claim "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may just be justifications to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in profits, or a range of various other reasons. This is why it is extremely essential that you not count completely on a vendor's word, yet rather, utilize the vendor's solution along with your overall due diligence. This will repaint a more practical image of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Many operating businesses borrow money so as to cover items like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can suggest that earnings margins are too small. Lots of businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that should be met or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new consumers? Often times, companies have repeat clients, which develop the core of their day-to-day revenues. Specific variables such as brand-new competitors growing up around the location, roadway building, as well as staff turn over can influence repeat customers as well as negatively impact future earnings. One essential point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the better the chance to build a returning customer base. A last thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Just how might the regional mean house income impact future income prospects?