Prime Location Franchise BBQ in High Income Neighborhood

Rockwall County, TX

Prime Location Franchise BBQ in High Income Neighborhood
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Asking Price: $179,000

Cash Flow: $85,905

Gross Revenue: $530,994


FF&E: $70,000

Inventory: $3,000

Established: 2005

Prime Location Franchise BBQ in High Income Neighborhood

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Business Description

Prime location American BBQ franchise restaurant occupying the end-cap space of a high-visibility retail strip center is available for acquisition. This business was originally established over a decade ago in 2005 and was later acquired in 2015 by the current owner of the business. Most of the customers are middle-class individuals and employees from the surrounding mix of retail, residential, medical, and commercial buildings that bring immense flow of traffic to the area. Net sales average has been $500K to 550K/year for the most recent year that has been very steady over the last several years of operation due to the optimal location and some marketing done by corporate. Although corporate marketing is consistently in place, other proactive marketing methods needs to be utilized in the local area for this business to maximize income potential and acquire more customers from untapped areas within the city. Competition is usually expected for franchise businesses such as this business, but there are no competitors within the immediate market area that competes in the same industry as this business. There are many ways to proactively market this business such as direct mailing, delivery service, 3rd party delivery services, social media outlets, door hangers, lunch specials and hiring management to operate the business. Placing a manager within the business while the owner is less involved will allow the owner to focus on the back office work and grow the marketing done in the local area to grow the business. Utilization of the location is crucial to the consistent growth as there's a nationwide grocery chain that anchors this business with consistent pedestrian traffic. This franchise restaurant has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.

Listing ID #000723
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Rockwall County, TX
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
This business is located in a 2,706 SF retail strip center surrounded by many retail businesses and densely populated residential neighborhoods. All equipment is in impeccable condition and in working order.
There are no competitors within the immediate market area of this business.
Growth & Expansion:
No marketing is done locally, but corporate ADs provide minimal marketing. More proactive marketing is highly needed to grow the business. Catering business used to be a good profit center for previous owners - lacking area of current owner. New owner will have to put marketing efforts into catering to regain tremendous profit generated by catering sales.
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
The owner of the business provide the necessary training needed to smoothly transition into the business operation.
Reason for Selling:
Other Opportunities
This business is an established franchise
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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

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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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