Here’s an opportunity to own a Profitable and Award Winning BBQ Restaurant with Real Property in a busy area for a great price!
This Restaurant is offered for sale with the .3 Acre square corner lot property, so this is a great opportunity to invest in your own building and control your occupancy costs!
The property includes a 1176sf freestanding building and a large parking lot which faces a major road with 31,286 ADT. The exclusive parking includes 14 spaces including ADA and there is street parking on two sides so spaces are plentiful.
The sale includes the profitable restaurant business which is known for its award winning authentic menu. The restaurant is long established with an excellent reputation and it has developed a loyal following of patrons who count it among their favorite dining spots in the area. The sale includes the secret recipes including one for a popular retail product. Catering is a strong income stream in addition to the restaurant dine in sales. Sales are in the $820k range and the Net is approx $124k. Full Financial Information is available with a Signed Confidentiality Agreement.
The profitable business has a good track record with strong sales, so we expect the combination of property and business could qualify for an SBA loan for an experienced buyer with good credit and with an approx. $200k Cash Down Payment.
The allocation of the $749,000 asking price is $199,000 for the profitable business and $550,000 for the real property.
Total occupancy is 65 including Dining Room and enclosed Patio. The ABC Type 41 Beer & Wine License is included.
The space has a full kitchen with a Hood & Ansul, Walk-In refrigerator, and includes all the equipment that you need.
The reason for sale is the long-time owners are ready to retire. The next owner could take full advantage of their long and successful legacy and all the goodwill they will leave behind, or this could be considered for a cost-effective conversion with a new concept because of the prominent location. The business has a very large mailing list (9000+) but doesn’t have much social media presence or marketing going. This is an area we expect the next owner would want to develop to take full advantage of this valuable list of loyal customers.
Interested? Please complete the Confidentiality Agreement/NDA form to get started.
Once we receive your Confidentiality Agreement, we will send you information with the address and other details.
This is a Confidential Listing so please Do Not Disturb the business. Tours are by appointment only.
We look forward to talking with you about this exciting opportunity!