Asking Price: $200,000 Gross Revenue: $248,482Cash Flow: $132,363 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $2,500 included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: $450,000 not 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.
The current owners have established a go to mainstay in the greater Charlotte market when this restaurant was started in 1997. Authentic NC BBQ restaurants develop their own unique character. The restaurant currently serves pork BBQ cooked in the NC style of slow at low temperature and offer a variety of their own Eastern NC and Western NC sauces. Their menu includes fried chicken, burgers, salads, Brunswick Stew, traditional side items, and dessert. In addition to the restaurant, the business has developed and offers a high volume catering service. Over the years they have fostered a large loyal following in the business community, churches, schools and other large entities that brings them back on a continual basis to cater their events. Their reputation through great service and word of mouth has made the restaurant and catering business very popular in the community. Expansion opportunities are bona fide and significant. Real Estate is available to be purchased separately.
About the Business
Number of Employees:
The restaurant consists of the main walk in order and dining area and kitchen with a separate smokehouse and storage area. It is close to the I-85 Interstate with plenty of parking. The owners own the property and desire sale of the property as part of the transaction
As in most markets this size, competition is strong while demand remains high. This company has continued to grow each year through a high percentage of loyal repeat restaurant and catering customers while continuing to attract new customers and catering opportunities.
Growth & Expansion:
Huge opportunity for expansion of sales through increased store hours and in store dining.
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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
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