Barbecue Restaurant- Sales Up 80% Year to Date

Price: $85,000

Location: Johnson City, TN (Washington County)

Industry: Restaurants and Other Eating Places

Listing ID: 10282019

Listing Status: New

Description

This barbecue eatery has greatly benefited from its expansive online ordering and simplified system to attract new customers and serve them on their terms; whether it is carry out, delivery, curbside pickup, or dine in. Our comfort food based menu has proven to be a real draw in these trying times. I encourage you to check out this opportunity.

Current owners purchased this business because of its super location and the fact that the previous owner had let the business slip from its prior prestige. They saw an opportunity to keep a great brand alive and chose to take on the task. Cleaning and repairs were performed, equipment was repaired, some new equipment was purchased, and an on-premises beer permit was obtained. New owner will need to apply for their own beer permit; seller's will convey full application package with the sale. The business has been turned around and is steadily growing.

We have meticulous daily sales (in monthly summary form) so qualified buyer can see the trend in sales. Include breakdown of in restaurant sales, delivery and third party sales, and daily credit card deposits.

Current owners have completed their initial goals and want to make the opportunity for someone to own and operate the business for themselves. Best suited is a buyer (s) who will manage and operate the business and save on already low labor costs.

LISTING DETAILS

Total Sales: $350,000

Cash Flow: $45,000

EBITDA: $56,000

FFE: $40,000

FFE Included: Yes

Inventory: $2,500

Inventory Included: No

Operation

Year Established: 2013

Employees: 3

Location

Monthly Rent: $4,200

Type of Location: Leased

Square Footage: 2,800

Summary

Facilities Information:

Location, Location, Location! This business is located in one of the most sought after location in North Johnson City. It won't last long at this price.Obtain Confidential Business Summary for details. Owners have negotiated a new lease; Landlord has installed a new roof and dining room HVAC unit. Included in the purchase price is transfer of a $13,000 deposit retained by the Landlord.

Reason For Sale:

Owners desire to scale back and focus on their other businesses.

Training & Support:

Two weeks no cost transitional training.

Competition:

Normal competition level in market. Being non-franchised allows flexibility in menu and pricing. General area around the business is experiencing new growth with recent major renovations at the mall across the street addition of a Chipotle's and a Chcken Salad Chicks expected to draw new traffic to the area. We have already been experiencing strong increases in dine in and on-line orders as well as catering events.

Potential Growth:

This barbecue establishment is known for its excellent smoked meats and huge spud potatoes. Business can be grown by drawing in more first time customers, possibly adding a food truck, and expanding the already growing catering business. Someone savvy in promoting music and karaoke events could significantly increase revenue.

Financing/Terms:

Up to $25,000 Seller Financing!

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Ramon Sanchez-Vinas

Ramon Sanchez-Vinas