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Franchise BBQ Restaurant - North Of Houston

Location  Texas,United States
Asking Price Range  $250K - $500K
Gross Revenues  $862000
Net Profit / Cash Flow  $97000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1900
Number of Employees  10 - 19
Inventory  6350
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Seller & franchisor will provide training
Reason for Sale  Health concerns

Description  
Great location, great visibility and plenty of parking are just some of the features this superior restaurant enjoys. Sales are averaging over $70,000/month with catering representing about 15% of revenue. A delivery van for catering is included with the assets. Corporate and residential growth in this area of North Houston is Top 5 in the USA, and this franchise restaurant is located just a short drive from where new corporate offices are opening. The franchisor is the leader in its sector and has over 400 restaurants across the nation. The Buyer will need to be approved by the Franchisor who will also provide comprehensive training, the cost of which is covered by the transfer fee. The owner opened the store with a long term commitment to its growth, but changes in health and doctors orders require the business be sold. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. For more information contact Frank Duringer.


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