BBQ Business in Super Location-Up to 50% Seller Financing

Business Opportunity for Sale
Catylist Listing ID: 30293263
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $159,500
Franchise Parent Name: non-franchise, no royalties
Year Business Established: 2014
Gross Revenue: $750,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash at closing.
Last Updated: 6/22/2018

Overview / Comments

This restaurant is in a leased location with plenty of nearby businesses and customers from which to draw. More information provided to qualified prospects. The business come equipped with up to date point-of-sale (POS) systems, surveillance cameras, and detailed record-keeping already in place. The owners have been making constantly equipment upgrades during the past 4 months.

Additional Details

Nearest MSA: Johnson City
County: Washington
Industry Segment: Restaurants
Reason for Selling: This business requires owner/operator. Sellers have other business.
Value of Inventory Included ($): $2,500
Value of Furniture, Fixtures, and Equipment ($): $75,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: This restaurant is in a leased location with plenty of nearby businesses and customers from which to draw. More information provided to qualified prospects. The business come equipped with up to date point-of-sale (POS) systems, surveillance cameras, and detailed record-keeping already in place. The owners have been making constantly equipment upgrades during the past 4 months.
Competition/Market Description: This restaurant is located in the Johnson City market where a normal level of competition expected. The key is to stand out and get your share of the business. This restaurant has a have great location, easy access, simple menu, good food, and a barbecue following of patrons to assure your success. There are several avenues to increase revenues without a lot of cost.
Growth/Expansion Opportunities: BBQ is a southern mainstay and always a draw. It gets them in the door; provide them good barbecue and they will keep coming back and tell their friends. There are enough Asian, Chinese, pizzerias, and Mexican restaurants in the market. They have their place and are popular; but good BBQ allows you to build a signature regional brand that feeds off of social media and word of mouth referrals. A food truck or expanded catering can easily be added to this business using the main restaurant kitchen and smoking facilities as a commissary.
Seller Financing Description: Up to 50% Seller Financing To Qualified Buyer!

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,485 46,099 84,862
Median Age: 50.54 39.18 38.92
Households: 2,127 19,836 36,313
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