BBQ Restaurant - A Lot For The Money
Location Georgia,United States
Asking Price Range < $250K
Gross Revenues $364103
Net Profit / Cash Flow $27073
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2006
Number of Employees 6 - 9
Inventory 4611
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training Two weeks with extra negotiable.
Description This is a sit down/take out barbeque restaurant for sale, with a good location, traffic count, repeat customers, and adequate parking within a strip shopping center. Clean and comfortable, the restaurant accommodates 48 using tables, and booths. The restaurant has six employees not including the absentee owner. Would recommend a working owner with less help to increase profitability.
It's a semi-established restaurant that can avoid the initial 'money pit' investment phase that a start up operation demands. Equipment includes everything that's needed: 2 smoke house cookers: one handles 116 racks per hour and is housed by a building addition financed and built by the owner, the other is a mobile smoker used for parties, picnics, and catering services for family reunions, corporate sponsored outings, weddings, birthdays, and tailgates; walk in cooler, freezer, refrigerator; full kitchen; deep fryers; griddle with hooded ranges; Deli case; transaction/serving counter; website and more.
Low lease pmts and the owner's additional $250k in post-acquisition business investments can be supported with receipts.
Reason For Selling - The current owner is overwhelmed by initial capitalization and consequently finds themselves with a lack of adequate financial stamina, and perhaps the management skills, needed to continue to carry on operations for the length of time it generally takes for a 'community to get used to, comfortable, and familiar with new eating establishments.' 'A new owner will have lower initial cost than the owner did.' 'It is often the 2nd or 3rd restauranteur that makes a location work. Part of the reason is that that party has a lower initial cost than the original party that did the build-out, purchased new equipment, etc. Buyers benefit tremendously from seller's losses.' 'It generally takes at least 2 years for a new restaurant to reach its initial potential.' Quotes from 2008 Business Reference Guide, published by Business Brokerage Press.
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