Barbecue Restaurant Franchise with Real Estate, semi-absentee

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Barbecue Restaurant Franchise with Real Estate, semi-absentee
Asking Price:
$319,789

Gross Revenue:
$770,557
Cash Flow:
$93,617
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$2,500
included in asking price

FF&E:
$40,000
included in asking price

Real Estate:
$265,000
not included in asking price

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Business Description

This is the nation's largest BBQ chain located on a main thoroughfare in west Texas. Close enough to Lubbock to cater to a large metropolitan area. Free standing building with a drive through. In business since 2012 with tremendous community support. They have outlasted all the independent BBQ restaurants in the county with the quality and consistency of the food and service.

About the Business

Year Established:
2012
Number of Employees:
14
Real Estate:
Owned
Building Sq. Ft.:
3,300
Facilities:
Owner was working in corporate america and found Dickey's franchise. Originally leased the building and then purchased it one year later. The owner's reputation in town and involvement in the community helped launch and grow the business. They work with many of the athletic teams in the surrounding area that travel and need catering. The local multi-purpose expo center uses them as the professed caterer. They go the extra mile for all their customers in the store and catering.

Building Owned
Market Outlook/
Competition:
Direct Competitors are locally owned Schwackhammers and 509 Restaurant
Growth & Expansion:
Increase catering opportunities in surrounding area and Lubbock. Continue with sponsorships in the community and advertising on social media. Continue to advertise to business people for lunch as 80% of sales are lunch.
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About the Sale

Reason For Selling:
other interests
Training/Support:
2 weeks

Listing Info

ID:
1624911
Ad Detail Views:
0

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Business Listed by

J. Darrow Graham

Transworld Business Advisors Grapevine

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U.S. Census Data for Hockley County, TX
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Hockley County, TX
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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