$45,000 Down - SBA Approved - High Volume BBQ Restaurant - Long Established - Located in the San Fernando Valley

RRC# 5029
Location: San Fernando Valley

Description:
Price Reduced to $300,000. This business is SBA Loan pre-approved. 4,200 sq ft BBQ Restaurant's history began in the late 1940’s, when the original owner moved from Missouri and started a small barbecue shack in California. After several years the popularity of his food spread, so he decided to move to northern San Fernando Valley and start a small take-out restaurant. He built a small building at this location. He constructed a brick oven, called a pit, and used local hardwoods to slow smoke beef, pork, spare ribs and chicken. His unusual vinegar-based coleslaw and sweet barbecue bean recipe became the backbone of his menu. As the San Fernando Valley grew from being an agricultural community to a major city, this successful business grew along with it. This Restaurant became a landmark in the Valley, so they built two more similar restaurants. The many positive customer reviews are the testimony. “It’s been 50 years of the best Bar-B-Q ever! See you when I’m in LA”, “I travel the country for a living and have had the ‘best BBQ in the south” and NOTHING comes remotely close to your BBQ beef on garlic with your sauce” & “Incredible food. My friends told me about this place and I’m soooooo happy that I found a new place nearby with the best BBQ I’ve ever had.” Fully inclusive Monthly Rent is $18,132 with 2024 annualized sales revenue of $2.1million. Operated with 18 employees, 180 seats including an outside patio, open 7 days, 11.30am – 8.00pm, a Beer & Wine license and 65 parking spaces. With an annual profit of $140k and an asking price of $300,000, this business may well be approved for SBA lending. To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail. No Broker Coop.


Financial Information:
Monthly Revenue: $175,000
Monthly Cash Flow: $11,700
Annual Revenue: $2,100,000
Annual Cash Flow: $140,000

General Info:
Ownership: Inc
Established: 1942
Employees: 18
Reason For Sale: Other Interests
Monthly Rent: $18,132 Inclusive NNN
Expiration: 2028 plus Two x 5 years Lease Options

Facilities:
Square Feet: 4,200
Seating: 180
Parking: 65+
Licenses: ABC Type 41, Business & Health Permit
Days/Hours of Operation: Daily 11.30am - 8.00pm