Business For Sale Listing 150601
A Lot for the Money Barbeque Restaurant
Status as of Nov-21-2008 at 06:00 PM: Active
Business Summary
This is a sit down/take out barbeque restaurant 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; web site, and more.
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.
Low lease pmts and the owner’s additional $250k in post-acquisition business investments can be supported with receipts
Categories
Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand ($364,103 ) |
| Profits: |
Under $100 Thousand ($27,073) |
| Profit Type: |
Cash Flow |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $100 Thousand and $500 Thousand ($110,000) |
