Barbecue Restaurant and Ballroom

Camillus, NY (Onondaga County)

Seller Financing Available
front porch
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Asking Price: $199,000

Cash Flow: $70,000

Gross Revenue: $450,000

EBITDA: N/A

FF&E: $25,000

Inventory: $8,000

Rent: $5,000 /Month

Established: 2007

Barbecue Restaurant and Ballroom

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Business Description

multifaceted Restaurant facility

We have been in business since 2007. We are a Barbecue restaurant with all original recipes. In 2017 we unsuccessfully tried to sell our business. We believe the location we were occupying at the time was a big deterrent. The building was a shared operation with a couple car dealers with limited parking. It also had no bar.
In 2018 we moved from our original location to a 10,000 square foot facility to include a full kitchen, restaurant with full bar and a banquet room that can accomodate 250. This facility could potentially be a 2 million dollar restaurant under new ownership. Rent and some of the overhead costs are very reasonable. For instance garbage pickup costs $1,550 on a yearly basis.

At our previous location our revenue streams have always been catering and full service restaurant but lacked the Full bar aspect. We have now added a full service banquet facility appropriate for most weddings. We have not marketed this segment but we are still booking 4-5 events per month. Another revenue stream to consider is live music.

This facility has great parking, a nice front porch and a lot of traffic traveling past every day. It also has a large population base of middle class and upper middle class customers near by.

We have always made a profit. The first year we moved here our cash flow was over 100,000. We would anticipate more growth.
We have a great web site. bbqballroom.com

Detailed Information

Location:
Camillus, NY
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
10,000
Lease Expiration:
4/1/2022
Employees:
18
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This facility underwent a complete renovation in 2006. All new plumbing, HVAC and electrical. Everything is up to code. Included in the equipment is a plow truck. 2007 Chevy 2500. 145,000 miles A very large wood smoker with 2 cooking chambers.
Competition:
Withing the Syracuse market, there are 2 other BBQ restaurants. Neither within our local market. There is no formal banquet facility in Camillus. We are located on a heavily traveled road with lots of frontage and no other retail. I suggest going to Google Earth. It is a beautiful location.
Growth & Expansion:
Room for growth is huge. There is also a 3000 square foot space upstairs that is gutted, with electrical and plumbing. The previous owners havent developed that as a sprinkler system is required. According to codes enforcement it could serve as a private residence without the installation of sprinklers.
Financing:
We would consider holding 25 % of the asking price. Payable in 60 installments
Support & Training:
We are willing to give full training for 3 months after close. We would also consider loaning our liquor license until a new proprietor acquired their own. This business is completely turnkey with cash flow every day.
Reason for Selling:
We are retiring and moving South
Business Website:
http://bbqbqllroom.com
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Business Listed By:
KEVIN MORRISSEY MO's BBQ

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