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Franchisor + 11 Locations For Sale - Established BBQ Restaurants

San Antonio, TX (Bexar County)

Franchisor + 11 Locations For Sale - Established BBQ Restaurants
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Asking Price: N/A

Cash Flow: $1,584,470

Gross Revenue: $16,160,335

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $0.00

Established: 2000

Franchisor + 11 Locations For Sale - Established BBQ Restaurants

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Business Description

This is a very successful franchise and multi-unit restaurant business headquartered in Austin, Texas, with regional locations in San Antonio. The business was started in 2000 by the founders and has grown to 15 locations focused in the Austin and San Antonio metro areas. With a robust growth pattern, the Franchise may also consider moving into other urban markets in Texas or in other states.

The business works principally on a cash basis and in 2017 had sales of $16,136,062 and SDE of $1,584,464.

The business is poised for growth on multiple levels in the Austin and San Antonio metro areas. San Antonio has had population growth of over 10% along with a rise of median household income. Austin has a projected population growth of over 10% by 2020 making it one of the fastest growing cities in the U.S. Growing brand recognition along with population growth opens the opportunity for new locations.

Detailed Information

Location:
San Antonio, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
180
Facilities:
11 quick service locations in Austin and San Antonio.
Competition:
Through a concerted strategy, the business has focused on delivering results with the local area. This propelled the businesses growth with highly desirable repeat customers. Right now, the business believes there is much untapped opportunity with both corporate stores and franchised stores.
Growth & Expansion:
The business serves central Texas. Texas is one of the fastest growing states in the country in terms of population and GDP. According to Management, growth is only dependent on how aggressive a new owner wants to be and how quickly they want to add new locations. Demographic studies in urban areas will continue to show potential.
Support & Training:
Yes, negotiable.
Reason for Selling:
Retirement
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Derik Polay

Business Listed By:
Derik Polay

CGK Business Sales

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Sponsoring Broker:
Greg Knox

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Demographic Information

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