Dickey's Barbecue Pit - REDUCED to sell before Year End!

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Very profitable, low rent, growing area.
Asking Price:
$169,999

Gross Revenue:
$569,277
Cash Flow:
$92,000
EBITDA:
$102,000
Inventory:
$3,000
included in asking price

FF&E:
$150,000
included in asking price

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Business Description

PRICE REDUCED to $169,999 if you buy before the end of the year. Normally listed at 199,999.

New Dickey's cost over $400,000 to open! Original investment to open this unit was $350,000.

Owner currently runs it as absentee - store is ran by a General Manager.

This business is ready for a new owner to take it to the next level. It is already an average to above average performing store for this brand. Jump right in and start making money today. Easy recipes, fully staffed, all in rent is $3,700 including $200 for water.

Seller is eager to sell before the end of the year.

About the Business

Year Established:
2014
Number of Employees:
10
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1
Lease Rate/Sq. Ft./Mo.:
$23.50
Lease Expiration:
10/1/2024
Facilities:
All furniture, equipment and fixtures required to run the restaurant are included. This includes:
Smokers, ovens/ranges, refrigeration units, walk in coolers, freezers, preparation tables, preparation equipment, hot/cold line serving equipment, warming cabinets, dining tables and chairs, coke machines, ice maker, office equipment, catering equipment, delivery van and more.

The equipment and stores have been well maintained and kept very clean.
Website:
www.dickeys.com
Market Outlook/
Competition:
Store already has a well established customer base and way above average catering sales for brand standards. Room to grow into the Atlanta market. Store could benefit from Alcohol and delivery sales.

1 local barbecue competitor, 1 franchise barbecue competitor within 3 miles.
Growth & Expansion:
Great brand with room to grow. Brand has nearly 550 locations in over 44 states. New owner can easily build more catering sales with 10 hours a week doing local marketing to businesses.
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About the Sale

Reason For Selling:
Seller wishes to move out of state to be with family.
Training/Support:
On going franchise support. Seller will help ensure a successful transition. Seller will provide 30 days of transition training and continue to provide remote and some on site support for 3 additional months.
Seller Financing:
Seller willing to finance with $100,000 down.

Listing Info

ID:
1398609
Ad Detail Views:
929

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Business Listed by
Shannon Skains

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U.S. Census Data for Hall County, GA
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Source: Decennial Census (2010), United States Census Bureau.

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

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