Iconic Eastern NC Barbecue Restaurant-USDA Wholesale Dist.

NC

Seller Financing Available
Iconic Eastern NC Barbecue Restaurant-USDA Wholesale Dist.
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Asking Price: $927,000

Cash Flow: $292,449

Gross Revenue: $1,464,228

EBITDA: N/A

FF&E: $270,000

Inventory: $35,000

Real Estate: $500,000*

Established: 1994

*not included in asking price.

Iconic Eastern NC Barbecue Restaurant-USDA Wholesale Dist.

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Business Description

Solid year after year growth

This Barbecue food processing plant has operated as a wholesale USDA facility making eastern North Carolina style barbecue (pork) for restaurants and supermarkets in Northeastern NC and Southeastern VA (Tidewater area). In 2017, a restaurant was added to the facility which accounts for a third of the current revenue.
The restaurant has complimented the wholesale part of the business with increased cash flow and more barbecue sales. The wholesale business has its own delivery routes selling to distributors, restaurants and retail outlets (supermarkets).

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
9,000
Employees:
1 FT/10 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business operates from a 9,000 square foot facility (restaurant and USDA approved plant) in North Eastern North Carolina. The facility is located on 3+ acres with its own water source and wastewater system. There are no zoning ordinances. The plant can accommodate significantly higher revenues without major facility improvements.
Competition:
There is some competition but the sellers have never been concerned based on quality of their product and pricing.
Growth & Expansion:
The growth potential is excellent. In the past the sellers have relied on the product selling itself with no salesforce and limited advertisement.
Financing:
$92,950 down/$139,050 for 120 mos. @ 8.25%/Other Financing.
Support & Training:
Will train for 4 weeks @ $0 cost. Eastern North Carolina Barbecue: the quintessential eastern North Carolina barbecue spot, with a vinegar-based sauce, large portions of barbecue and mouth-watering sides all served in an old-style setting. The company makes and packages their pork barbecue in 12oz, 1lb, 2lb, 4lb and 5lb containers.
Reason for Selling:
Retirement.
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Contact the Seller

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Tully Ryan

Business Listed By:
Tully Ryan

Murphy Business & Financial Corporation

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Sponsoring Broker:
Ron Buck

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