Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$220,000	Inventory	$5,000*
Gross Income	$394,115	Real Estate
Cash Flow	$79,296	Year Established	1995
FF&E	$105,000*	Employees	5 PT + owners

* included in the asking price

** not included in the asking price

This cafeteria-style BBQ brings the tradition of Texas barbeque to the Treasure Valley. Established in 1995 as a catering business, the company added sit-down dining in 2001 and it quickly grew to $400,000 in annual sales. A great BBQ menu features items for eat-in, take-out, on-site banquets, and off-site catering events. The full service banquet facility seats up to 50 and is used often for business meetings, parties, receptions, rehearsal dinners, and fund raisers for schools, charities, clubs, and organizations. Currently one third of sales come from catered events and the rest from dining patrons. Catering has served up to 1600 people for single functions. The owner currently limits catering functions to 300 people. Total permitted in-house seating is 70. Rent is currently 12 percent of sales, CGS is 37 percent, and payroll is 13 percent excluding owner s compensation. Operating hours are Tuesday-Saturday from 11:30am to 8:30pm. This is a very profitable restaurant with tremendous upside.

Facilities: 3000 square foot leased space with a banquet room with doors that can seat up to 50 diners. Total permitted restaurant seating is 70. Rent is $3515/month with monthly NNN charges of $583. Lease has 3 years remaining with five 3-year options. Space includes an office. The banquet room has two giant roll-up doors that open the restaurant to the patio and fresh air. The patio has seating for 12 diners.

Competition: There are very few independent, traditional BBQ restaurants in the Treasure Valley. This restaurant has been in business long enough to have earned an excellent reputation for delicious BBQ and secured a strong base of repeat customers.

Growth/Expansion: Current hours of operation are 11:30 to 8:30 Tuesday-Saturday. Growth opportunities include expanded hours in the evenings, opening on Sundays, aggressive marketing of the lucrative catering business, and adding live music on weekends.

Financing: Terms are negotiable

Support/Training: Owners will provide 40 hours of training and support, included in the asking price. Recipes are also included in the asking price.

Reason Selling: Owners ready to pursue new interests