July 12, 2023 by 0 comments
BBQ Smokehouse and Bar
Industry: Restaurants and Other Eating Places
Listing ID: 47819220
Listing Status: New
Highly sought after Neighborhood Smokehouse and Bar, operating for 12 years. Very loyal clientele and long tenured Staff. On a very busy major road through the city surrounded by a growing population of new communities and Businesses with a Brand new Publix being built across the street and a New apartment complex being built behind adjacent to the Restaurant.
This is a great Business in need of an Owner operator to give it the attention it deserves. Property owner is putting in 2 new Air conditioning units as well as offering 2 free months rent to assist with minor remodeling or repairs. Rent and Lease are Reasonable and solid and $'s beneath the Market rate for like Properties. Business hasn't yielded under $1,000,000 since it been here. Just needs to managed to gain what's left on the table. Does great late night Business, Take out Sales and Catering, many options for revenue streams.
Down Payment: $125,000
Total Sales: $1,137,865
Cash Flow: $125,423
Accounts Receivable: $4,000
Accounts Receivable Included: Yes
FFE Included: Yes
Inventory Included: Yes
Year Established: 2011
Days & Hours of Operation: Thursday-Friday 11am - 2am, Saturday 8am-2am, sunday 8am-12am, monday-wednesday 11am-1am
Owner Hours Per Week: 10
Real Estate Included: No
Monthly Rent: $10,000
Square Footage: 3500+
Reason For Sale: Other Business Opportunities. No time to properly take care of this Goldmine.
Other Business Opportunities. No time to properly take care of this Goldmine.
Training & Support: Owner will give 10 days support, and wants the business to succeed so will assist new buyers as much as he can.
Owner will give 10 days support, and wants the business to succeed so will assist new buyers as much as he can.
Financing/Terms: Seller will hold Note for $125,000 36 months at 6%.
Seller will hold Note for $125,000 36 months at 6%.