Barbecue Restaurant (Profitable, Positive Growth, Low Rent)

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Profitable, year over year growth, low rent!
Asking Price:
$199,999

Gross Revenue:
$648,000
Cash Flow:
$80,000
EBITDA:
$100,000
Inventory:
$3,000
included in asking price

FF&E:
$120,000
included in asking price

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Business Description

This is an established franchise barbecue restaurant and is open and operating. Do not attempt to contact the store or employees.

This is a turn key restaurant! This is the ONLY national barbecue franchise with a presence of nearly 600 stores.

This store opened in October 2014. We have had positive growth every year. The restaurant offers 7 meats, 13 side items, dine-in, take-out, drive-thru and catering services. Expanding to delivery of everyday products and offering alcohol can further increase revenue. This location is anchored to a beautiful Kroger shopping center with 18,000-20,000 transactions per week. The store features low rent, all in at $3,400/month allowing you to maximize profits.

We have great reviews and guest sentiment. We have worked extremely hard to provide the best customer service and highest quality products.

The unit can be ran with a general manager, or by the owner for maximum profits. The model is streamlined with daily prep schedules and checklists to keep the business running smoothly.

The buyer will need to be approved by Franchisor and Landlord before purchase. Inquirers are required to a sign a non-disclosure and provide financial information before seller can provide more information about the business.

About the Business

Year Established:
2014
Number of Employees:
9
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,715
Lease Rate/Sq. Ft./Mo.:
$1.87
Lease Expiration:
9/30/2024
Facilities:
All furniture, equipment and fixtures required to run the restaurant are included. This includes:
Smoker, oven/range, refrigeration units, walk in cooler, freezers, preparation tables, preparation equipment, hot/cold line serving equipment, warming cabinets, dining tables and chairs, coke machines, ice maker, office equipment and more!

The equipment and store has been well maintained and kept very clean.
Market Outlook/
Competition:
Store is located in Flowery Branch (close to border with Braselton) with a median income of 61,000. Braselton median income is 90,000. We currently have heavy catering sales from the Gainesville, Braselton, Oakwood, & Flowery Branch areas. This can continue to expand with little effort.

1 local barbecue competitor, 1 franchise barbecue competitor within 3 miles.
Growth & Expansion:
Great brand with room to grow. Brand has nearly 600 locations in over 44 states. Next closest same brand store is located in Buford, 18 miles south of Flowery Branch. Same seller owns both locations. Buy Flowery Branch and Buford if you like! Start with one and easily transition to 2nd store ownership later on. Room to grow all over Atlanta market.
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About the Sale

Reason For Selling:
Owner wants to pursue other interests and move out of state.
Training/Support:
On going franchise support. New owner or owners general manager is required to attend a 4 week training class in Dallas, TX. Seller will help transition and provide on site training for 2-4 weeks. Seller is also willing to provide remote/phone support for 6 months.
Seller Financing:
Seller willing to finance 50% of purchase with with 50% down.

Listing Info

ID:
1398609
Ad Detail Views:
612

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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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U.S. Community Survey Data for Hall County, GA
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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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