Asking Price: $189,000 Gross Revenue: $820,000Cash Flow: $124,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
NEW ASKING PRICE $189K!
Attention Grill Masters! We are pleased to offer this Profitable BBQ/Grill Restaurant with Catering for a really great price!
The sale includes this Award-Winning Restaurant’s secret recipes, but there is room to grow the brand with your own take on great BBQ too. This destination restaurant has a long-established reputation and a loyal following of customers that come from both the surrounding neighborhood but also some from far outside the area. The sale includes a customer list with over 9000 fans! In addition to the BBQ restaurant, off site Event and Party Catering are also a strong segment of the business which offers opportunity to cook BBQ or other types of menus for weddings and corporate events.
The business has a history of being profitable, so we think a Buyer with restaurant experience and good credit could qualify for an SBA loan with as little as 25% down.
The space is approx 1176sf in a Freestanding Building on a nice corner lot facing a busy street. The restaurant has seating for about 30 inside plus another 30 in the enclosed patio. The Full kitchen has a 10 foot hood and ansul, two large capacity Smokers, Walk-In Refrigerator, 8ft Portable Grill, and Catering Equipment including two Logo Delivery Vans. Proposed Rent is $3,500/mo but Lease Terms are negotiable, and the Buyer will have a First Right of Refusal or Option to purchase the Property in the future.
The restaurant does good sales and there is a trained front and back of house staff in place including some management. The long time owners are ready to retire. The sale includes 2 weeks training at 40hr/wk to learn the recipes and transfer the business.
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!
About the Business
Number of Employees:
Building Sq. Ft.:
$2.98 Per Month
The space is approx 1176sf in a Freestanding Building on a nice corner lot facing a busy street. Proposed Rent is $3,500/mo but Lease Terms are negotiable, and the Buyer will have a First Right of Refusal or Option to purchase the Property in the future.
Off site Event and Party Catering are also a strong segment of the business. Sale includes two logo Delivery Van and all the Catering equipment needed for big events.
Award Winning BBQ Grill Restaurant & Catering Company
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.