Barbecue Fast Casual, 25% catering

Oakland County, MI

1941
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Asking Price: $99,500

Cash Flow: N/A

Gross Revenue: $700,000

EBITDA: N/A

FF&E: $150,000

Inventory: $6,500*

Rent: $5,395.83 /Month

Established: 2014

*not included in asking price.

Barbecue Fast Casual, 25% catering

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Business Description

Motivated Seller! Prime location with solid sales over the 5 years

Catering sales are over 25% of sales with ZERO marketing!

Keep it as a franchise OR bring your own concept! Location, equipment, existing staff/management in place and catering contacts have plenty of value to make it worth the asking price.

Active/open restaurant - please do not approach employees.

Build out and equipment was apprx 300k - includes Hood, Smoker, Stove/Oven, Fryer, table top freezer, 3 door freezer, walk in cooler and more - all of which are name brand appliances. If you want to bring your own Coney or breakfast spot this has nearly everything you'll need. OR Keep it as a franchise or your own independent BBQ, sit down or fast casual.

Rent is $6470/mo which includes NNN. Square footage is 2590, enough room for 70+ seats or to expand the kitchen, if needed.

Join a growing brand that offers multiple revenue streams and high quality food. This is a turnkey opportunity to acquire an existing restaurants which taps into 2 of the largest catering markets in Metro-Detroit - this stores catering sales are 20-30% of their total business and hasn't even scratched the surface of it's potential. Located on the most recognizable high traffic road in the Tri-County area.

This location is absentee and being sold at a fraction of the price for a new store. A new Franchise would cost 400-500k! Gross sales exceed 700k annually, with minimal advertising. Research will tell you that your returns on QSR franchise should be between 10-20% depending on how well they are managed and if there is a hands on owner operator.

This national franchise will put you through a three-week training session where owner-operators learn how to run the franchise. This Restaurant for Sale is part of the fastest growing fast-casual franchise in the nation with over 500 locations nationwide and opening new stores every month.

There are 4 new franchise stores in west Michigan that have opened in the past 12 months and there are no other BBQ franchises within 10 miles of this store. Other states are showing similar growth and a 100+ store deal was just signed in California.

Get this restaurant for 1/4th of what it would cost to build new and then keeping adding to them and growing your portfolio. This is the easiest way to get your foot in the door. Seller financing maybe available for the right buyer.

Attached Documents


Detailed Information

Location:
Oakland County, MI
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,590
Lease Expiration:
1/20/2024
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Retail costs of assets - equipment are apprx 110k
Competition:
Limited Fast Casual Competition in this food type.
Growth & Expansion:
Additional stores Franchisee fees are VERY reasonable at 10k per store - cheaper than most other brands.
Support & Training:
3 weeks of training at Corporate
Reason for Selling:
Partnership Dispute and other businesses
Franchise:
This business is an established franchise
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Business Listed By:
Rex

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