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Franchise BBQ with Drive-thru

Denton County, TX

Franchise BBQ with Drive-thru
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Asking Price: $115,000

Cash Flow: $67,677

Gross Revenue: $400,141

EBITDA: N/A

FF&E: $65,000

Inventory: $5,000

Established: 2014

Franchise BBQ with Drive-thru

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Business Description

National American BBQ franchise placed nearby upper-class residential areas with high-income families is available for acquisition. This business was originally established in 2014 and was later acquired by the current owner of the business in 2016. Competition is expected for this nationwide franchise, but this franchise has built long lasting relationships with the locals and the individuals from the nearby nationwide grocery chain. Most of the customers are middle to upper-class individuals from the surrounding densely populated residential neighborhoods and corporations nearby that often requests catering services. Net sales averages $35,000/month that has been steadily increasing as the owner is proactively marketing catering services to all around the area. While proactive marketing has been done for catering services to the local corporate buildings, local marketing needs to be utilized to reach out to the untapped customers that surround this business and customer traffic from the nationwide grocery chain. There are many ways to proactively market this business such as direct mailing, special promos, coupon, social media outlets, calling corporations for catering, delivery services, 3rd party delivery service and expansion of catering services to a wider area. Expanding the current catering services that is already popular will help benefit this business as there are many more corporations and office buildings that has yet to be fully utilized to increase cash flow. A wide selection of products are offered at this business that can range from BBQ brisket, pork, turkey, ham, chicken, and varieties of side dishes that accompany your main entree. This nationwide franchise has everything in place for a potential buyer to increase the sales by proactively marketing the business and being fully involved in the day-to-day business operations.

Listing ID #000508
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Location:
Denton County, TX
Inventory:
Included in asking price
Employees:
3FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in an end-cap space of retail strip center surrounded by many corporate businesses and anchored by the nationwide grocery chain that is beside this business. All equipment is in impeccable condition and in working order. Also the restaurant is featured with drive-thru, providing convenient carry-out option to customers. Fully branded catering cargo van fully equipped with catering equipment is also included in the sale for this purchase price.
Competition:
Some competitors are within the immediate market area, but this business has built great relationships with the local individuals and businesses that the sales have always been consistent.
Growth & Expansion:
Lots of marketing is currently done for the catering services, but more local marketing is needed to reach out to the untapped customers within the city as well as creating new relations with possible catering opportunities.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
Reason for Selling:
Other Opportunities
Franchise:
This business is an established franchise
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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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