-2- Profitable Barbecue Restaurants

Buford, GA (Gwinnett County)

Seller Financing Available
-2- Profitable Barbecue Restaurants
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Asking Price: $160,000

Cash Flow: $103,439

Gross Revenue: $1,383,997

EBITDA: $181,439

FF&E: $240,000

Inventory: $12,000*

Rent: $3,400 /Month

Established: 2014

*not included in asking price.

-2- Profitable Barbecue Restaurants

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Business Description

Profitable, turn key, under market value.

Now is your chance to get into an established brand! 2 units for sale (must be sold together). One location is in the top 20% of sales for this brand, the other is above average!

Stock Sale ONLY. We are selling 100% of our shares. A new owner will take over all current financing (250,000 in EXCELLENT business loans, low interest rates and long terms), all assets including cash in the bank, inventory. This means you step into an operating business immediately, easy transaction, no waiting periods. Start making money immediately. All taxes, accounts payable, building inspections and codes are up to date.

Both stores combined:
2018 Profits: $181,438.78
Store 1 was established in 2014, has inexpensive rent and is in Hall County.
Store 2 was established in 2017 and is in a great part of Buford, GA. Strong visibility and foot traffic.

We are looking for an Owner/Operator to take it to the next level. Excellent financing already in place and can be assumed by a new owner.

Detailed Information

Location:
Buford, GA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,715
Lease Expiration:
2/1/2029
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Includes catering vehicles (2), smokers, hot and cold holding equipment, stoves, catering equipment, tables, chairs, walk in coolers, freezers - ALL assets are included in sale. Everything needed to run a smooth operation is in place. Equipment is up to code and in good working condition.
Competition:
Both locations exceed franchise catering goals by far. Catering continues to be a growing segment. 1-3 local competitors around each restaurant within 5 miles. We specialize in Texas Style BBQ, which is different than most competitors in the area.
Growth & Expansion:
Great opportunity to expand into the Atlanta Market. These 2 stores are in close proximity to one another (15 miles apart) allowing for easy support of both stores. Expanding into Duluth, Lawrenceville, and all over atlanta is open at this time.
Financing:
Owner willing to finance 50%. Existing financing will transfer to new owner.
Support & Training:
Owner will provide 2 months support. Franchiser requires new owner to train for 4 weeks in Dallas, Texas. I will provide 1 month covering the stores while the owner trains in Dallas and another month after that to transition. I will also provide phone support for 1 year.
Reason for Selling:
Owners want to focus on other businesses, not enough time.
Franchise:
This business is an established franchise
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Business Listed By:
Shannon Skains

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