Business Overview

This BBQ restaurant is genuine southern barbecue at its best. They serve lunch, dinner, and an extremely busy breakfast crowd. They’re in a great location in the community’s high traffic center, located in Riverside County. The restaurant is surrounded by a plethora of residential condos and apartments, making this destination the premiere spot for patrons with hungry bellies!

Guests entering the space are greeted by fresh, scratch made desserts and the delicious aromas of BBQ from Missouri, Kansas City and the Carolinas. The restaurant is well built, with plenty of inside seating (96 seats and a dining/bar counter), a large 40 seat outdoor patio, and a kitchen featuring excellent use of space. The veteran staff keeps the facility clean and organized, and even frequently repaints to maintain that fresh, clean feel. The kitchen is equipped with well-maintained appliances from top-of-the-line manufacturers such as Blodget, True, Turbo Air, Hoshizaki and Southern Pride, plus a 20+ ft exhaust hood and 24,000 gallon grease trap that is routinely cleaned.

The time has come for these restaurateurs to retire, but there is still a great deal of room to grow this business. The owners revamped their website in response to the pandemic, but that’s just the tip of the digital iceberg. They only have 2500 Facebook and 500+ Instagram followers; invest in social media to increase and engage followers. They offer catering, but does not have a catering manager; hire and actively market at the local level to civic organizations, private companies and fundraisers. Add additional TVs to the patio and bar, promote all major sporting events, and offer wing, beer and pizza promotions! The current owners are closed on Mondays and close at 8:30pm on the weekends: extend the weekend hours and open for Monday night football! Plus, current owners have room for additional cost control on payroll and food costs … another spot to improve profits.

This BBQ restaurant is a turnkey, well established, profitable restaurant that brings the best of America’s BBQ belt to Riverside County! Save money and time on start-up costs, permitting, licensing and building a business from scratch and instead invest your working capital in advertising, marketing, and catering. Don’t wait, contact the Agent today!

Financial

  • Asking Price: $157,000
  • Cash Flow: $126,726
  • Gross Revenue: $1,158,238
  • EBITDA: $126,726
  • FF&E: $75,000
  • Inventory: $12,000
  • Inventory Included: N/A
  • Established: 2007

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,985
  • Lot Size:N/A
  • Total Number of Employees:16
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

13+ yr Established, Profitable and 1000+ online 4 star reviews! Excellent location and large patio in a high traffic area! Gigantic 20+ ft exhaust hood in kitchen and large in-ground grease trap. Beer and Wine License for increased profit margins! Perfectly laid out floor plan to accommodate online ordering, take-out and delivery service platforms! Down-home, scratch-made recipes have been passed down for generations are included with the sale. Their private office is under lock and key, to accommodate counting their $1M+ in annual revenue!

Is Support & Training Included:

Owner Will Train

Purpose For Selling:

Time to Retire!

Additional Info

The business was established in 2007, making the business 15 years old.
The sale doesn't include inventory valued at $12,000*, which ins't included in the requested price.

The company has 16 employees and is situated in a building with disclosed square footage of 2,985 sq ft.
The building is leased by the business for $12,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell companies. Nevertheless, the true reason vs the one they tell you might be 2 absolutely different things. As an example, they may claim "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may simply be excuses to try to hide the reality of altering demographics, increased competition, recent decrease in profits, or a variety of other factors. This is why it is very vital that you not depend absolutely on a vendor's word, yet rather, use the seller's response along with your general due diligence. This will paint a more realistic image of the business's existing scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many companies borrow money in order to cover points such as inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can imply that earnings margins are too thin. Numerous companies fall under 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 think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that must be satisfied or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location attract new consumers? Most times, businesses have repeat consumers, which create the core of their day-to-day earnings. Particular variables such as new competition growing up around the area, road building, and staff turnover can impact repeat consumers and negatively influence future revenues. One crucial point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business often, the higher the chance to develop a returning customer base. A final idea is the basic location demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Just how might the local median family earnings influence future earnings potential?