Listing ID: 77017
Family owned Dickey BBQ pit restaurant for sale in Yucaipa of San Bernardino County. Yucaipa is a city located 10 miles east of San Bernardino and 72 miles east of Los Angeles. Located near Denny’s, McDonald, 7-11 and little caesar franchise. This is a turnkey operation with all the equipment and setup in place to run successfully. All their barbecued meats are smoked on-site in a hickory wood burning pit. Approximately 2000 sq ft with 68 seating capacity,full kitchen and ample parking. Lease amount is $4751 all inclusive. Beer and wine license plus small Van included. Buyer to assume the loan on the van. There is a gender inclusive ADA restroom and outside grease trap. Seller is retiring and is looking to sell to the right party. Some of the equipment included are 15 feet type1 hood, walk in cooler, 2-door freezer, the smoker, one door food warmer, deep fryer, POS system, bread toaster machine, ice cream freezer, soda machine, 6 food tray warmer, 6 tray food cooler and more
- Asking Price: $275,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
has other interest
The real estate is leased by the business for $4,751 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell operating businesses. Nevertheless, the real factor and the one they say to you might be 2 entirely different things. As an example, they may claim "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may just be excuses to try to hide the reality of changing demographics, increased competition, recent decrease in earnings, or an array of other factors. This is why it is really essential that you not depend completely on a vendor's word, however rather, utilize the seller's solution together with your overall due diligence. This will repaint a much more reasonable picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Many businesses take out loans in order to cover items such as inventory, payroll, accounts payable, etc. Remember that in some cases this can indicate that earnings margins are too thin. Many businesses fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise 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 contracts with suppliers that have to be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in new clients? Many times, operating businesses have repeat consumers, which form the core of their daily earnings. Specific aspects such as brand-new competition sprouting up around the area, road building and construction, as well as employee turn over can influence repeat clients and adversely influence future revenues. One essential thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the higher the opportunity to construct a returning client base. A final idea is the general area demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? Just how might the regional typical house earnings impact future earnings potential?