Business Overview

For over a decade, this barbecue restaurant has been serving up tender baby back ribs and succulent pulled pork with all the fixins. It is well-situated a the high traffic destination in LA County anchored by a slew of national tenants. There is minimal competition in this affluent area and the location offers quick access to several major freeways. The area is surrounded by residential homes, a slew of small businesses, and a huge manufacturer company whose 2000+ employees eat each and every lunch break!

The restaurant is well-cared for: it’s clean, organized and well-built. The dining room boasts vaulted ceilings, fans, hip lighting, and the sweet smell of BBQ slow roasting in industrial strength smokers. The order counter features an easy-to-read overhead menu board and a 2-terminal POS system which efficiently (and cost effectively) delivers orders directly to the monitor in the kitchen. The kitchen is well-equipped with well-maintained equipment from top-of-the-line manufacturers, a wide pass through window, 2 10’ hoods, a walk-in refrigerator, and a 1500 gal grease trap.

The owner was just offered his dream job and couldn’t say no; therefore, it’s time to sell his beloved restaurant. There is a lot of opportunity for growth, and an owner operator can step in and take this solid foundation to the next level. They currently offer no in-house delivery, no delivery services, and do almost no catering. Boost revenues by joining the delivery platforms. Actively market to local businesses for offsite events and catering: the manufacturer company alone would be a massive win. The owner does no social media, so spin that up to get a whole new customer stream. The owner allowed his 41 beer and wine license to lapse; acquire a new license and boost your profit margins substantially. Finally, promote sporting events; the space has TVs and enough seating to pack the house!

If you’re looking to be an owner operator or grow in the barbecue space, then this is the opportunity for you: established, profitable, well-located, and plenty of upside potential. If you’re looking to increase your annual income without building a restaurant from scratch, then contact the Agent today!

Financial

  • Asking Price: $119,000
  • Cash Flow: $73,818
  • Gross Revenue: $731,145
  • EBITDA: $73,818
  • FF&E: $35,000
  • Inventory: $6,000
  • Inventory Included: Yes
  • Established: 2010

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,210
  • Lot Size:N/A
  • Total Number of Employees:9
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Excellent location and lease terms in a modern heavily trafficked center, featuring 24-hour security, ample parking in the front and rear of the building. The dining room seats 80, with both booth and table seating. Plenty of room to pack the house as we recover from COVID! Dual restrooms to accommodate a beer and wine license (previously licensed.) Facility includes a 6-camera surveillance system and recently upgraded air conditioning (3 ton to a 5 ton). Hood (with ansul system) cleaned twice/year, and the grease trap clean is cleaned annually and hydrojetted as required.

Is Support & Training Included:

Owner Will Train

Purpose For Selling:

Offered "Dream Job"

Additional Info

The business was established in 2010, making the business 12 years old.
The sale shall include inventory valued at $6,000, which is included in the requested price.

The company has 9 employees and is situated in a building with approx. square footage of 2,210 sq ft.
The real estate is leased by the business for $7,580.08 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people resolve to sell companies. Nonetheless, the true reason and the one they tell you might be 2 entirely different things. As an example, they may claim "I have too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may simply be excuses to try to conceal the reality of transforming demographics, increased competition, current reduction in revenues, or a range of various other reasons. This is why it is extremely vital that you not rely completely on a seller's word, but instead, make use of the vendor's answer together with your overall due diligence. This will paint a more reasonable picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money in order to cover things like supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that profit margins are too small. Numerous businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that need to be met or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area attract brand-new customers? Often times, operating businesses have repeat clients, which develop the core of their day-to-day revenues. Particular elements such as new competition sprouting up around the area, road building, and staff turn over can impact repeat consumers and also negatively influence future incomes. One crucial point to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business regularly, the better the possibility to develop a returning client base. A final idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? How might the neighborhood mean family earnings influence future revenue prospects?