Business Overview

Profitable BBQ Restaurant North of Boston. This very attractive business was completely renovated at a cost of $1.3 Million in 2018. Below market rent and strong, loyal customer base with no competition in the area. They are also offering a full commercial kitchen on wheels for purchase which is used for off-site events but is not included in the asking price.

FACILITY: The facility and equipment are like new built three years ago
PARKING: Plenty of parking in lot
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: 6 years with options
BASE RENT: $6,000 plus NNN (NNN = $3,500)
CONCEPT: BBQ Restaurant
SIZE: 8,400 sf
SEATS: 200 Seats
HOURS: Open 6 days/week
LICENSES: Full Liquor License
SALES: $1,250,000 (with limited hours)
CASH FLOW: $338,000 (per year)

Some Seller Financing Available for Qualified Buyers


  • Asking Price: $589,000
  • Cash Flow: $338,000
  • Gross Revenue: $1,250,000
  • 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 resolve to sell operating businesses. Nonetheless, the genuine factor vs the one they say to you might be 2 entirely different things. As an example, they might state "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might simply be justifications to attempt to hide the reality of transforming demographics, increased competitors, current reduction in incomes, or a range of other factors. This is why it is really essential that you not depend entirely on a vendor's word, but rather, make use of the vendor's answer in conjunction with your overall due diligence. This will paint an extra sensible picture of the business's current scenario.

Existing Debts and Future Obligations

If the current business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Many companies borrow money with the purpose of covering points like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can indicate that profit margins are too small. Lots of businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that must be fulfilled or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location draw in new customers? Often times, operating businesses have repeat clients, which develop the core of their everyday earnings. Particular elements such as new competitors sprouting up around the area, roadway building, as well as staff turnover can impact repeat consumers and adversely affect future profits. One essential point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business often, the greater the opportunity to build a returning consumer base. A final idea is the general location demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? How might the local mean home earnings influence future income prospects?