Asking Price: $129,999

Gross Revenue: $392,000

Gross Revenue Comments: Only open 6 days a week

Inventory: $5,000 (Included in Asking Price)

FF&E: $50,000 (Included in Asking Price)

Seller Financing: Owner is willing to hold note for 40-50% of purchase price for the right buyer.

Well established, popular Chicken & Rib Restaurant. Award winning restaurant established in 1985 has been frequented by local and national celebrities. Facility is 1,400 sq. ft. with seating for 40-46 guests and is located on a busy, well-traveled road with plenty of well-lit, strip mall parking. Restaurant is newly renovated: new restrooms, new a/c and heat, new paint. Seller is motivated to sell to relocate out of state. Growth potential comes from: a) opening on seventh day; b) purchasing beer license to sell takeouts as no 6 pack stores are currently in the area; c) outside catering and direct mail advertising campaigns. Current owner has done no advertising or promoting.
This is a great, turn key opportunity for an aggressive buyer who can direct a seasoned restaurant staff. Name and BBQ sauce recognition could lead to expansion into multiple locations.

Highlights:
> Award winning BBQ sauce
> Consistent, excellent food with strong reviews
> Healthy profits
> Located in thriving business area
> Fully equipped
> Turn key
> Priced right

Year Established: 1985

Employees: 1 full time - 10 part time

Facilities: 1,400 square feet; seats 40-46; newly renovated bathrooms, AC/Heat, freshly painted with added decor; plenty of parking.

Market Outlook and Competition: Restaurant is in the heart of thriving Philadelphia business area which includes major shopping centers with Super Markets, Clothing Outlets, Sporting Goods and Home Inprovement Centers.

Management Training and Support: Owner willing to stay on for three weeks to insure smooth transition.

Reason For Selling: Desire to relocate out of state.