Incredibly Profitable Chicken and Bar-B-Que Business For Sale

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Very Profitable OK Chicken and BBQ
Asking Price:
$395,000

Gross Revenue:
$1,300,000
Cash Flow:
$200,000
EBITDA:
$200,000
Inventory:
$8,000
included in asking price

FF&E:
$153,000
included in asking price

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Business Description

As one of Oklahoma's leading chicken and Bar-B -Que restaurants since 1983, this lucrative business is absolutely priced to sell! Gross sales total an amazing 1.3 million while the owner benefit is $200,000. Because the owners, who have been part of this successful, family-owned franchise since 1983 are most anxious to retire, they have set an asking price of $395,000. Obviously, a prospective buyer must be approved by the corporation , and the present owners would prefer that the business be purchased by a married couple. Asking for 25% cash down, the sellers desire an owner/ operator arrangement; a prospective buyer must be credit worthy for land lease application. Also, 10K is to be earmarked for the franchise agreement sign-up fee.
A free-standing building that is located in a shopping center with excellent traffic, the dine-in and carry-out restaurant is 3,200 square feet with a drive thru and catering service for up to 500 people. Lease terms for the building are $4,600 per month. Daily specials are offered, and the restaurant is closed on Sundays and ALL major holidays. Inventory value totals $153,00; inclusive in that amount are smokers which can accommodate 600 lbs. of meat and are state-of-the-art. Fixtures, furniture and equipment will also be included in the sale. Moreover, the present owners are willing to stay on and train new owners for 30 days; however, if needed, they are open to assist in a consulting capacity beyond the 30 day period. Additionally, the 8 full-time employees and 14 part-time employees may be helpful in the transition from one owner to the next.
Inquire immediately for additional information regarding this highly successful restaurant that has been proudly family-owned and operated for over 30 years--- truly a rare and extremely affordable opportunity!

About the Business

Year Established:
1983
Number of Employees:
22
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
3,200
Lease Amount/Mo.:
$4,600.00
Facilities:
one free-standing building
Market Outlook/
Competition:
some-- this is a free standing restaurant in a busy shopping center that heightens the traffic for this business
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About the Sale

Reason For Selling:
retirement
Training/Support:
30 days , but will provide additional consultation services to ensure the continued success of the business

Listing Info

ID:
1509614
Ad Detail Views:
120

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Business Listed by

James Baker

Matchmaker Business, Inc.

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