*UPDATED PRICING * Established Fast-Casual BBQ Restaurant

Loudoun County, VA

Seller Financing Available
Yummy House-Smoked Ribs!
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Asking Price: Get Financing: $239,000

Cash Flow: $62,552

Gross Revenue: $733,786

EBITDA: N/A

FF&E: $123,364

Inventory: $13,779

Lease Rate: $6,500 /SF/Month

Established: 2017

*UPDATED PRICING * Established Fast-Casual BBQ Restaurant

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Business Description

Franchise BBQ Restaurant in High Traffic Area and Growth Potential

SELLER FINANCING $189,000. Southern charm designed brick and mortar build-out with thirty-three inside seats and four patio seats. Located in a shopping center on a main highway in an upper class neighborhood of Loudoun County. Direct visibility from main entrance with increased visibility from strategic placement of logo wrapped catering van.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,610
Lease Expiration:
12/1/2027
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
High-quality, automated smoking equipment that allows for meat to cook safely and efficiently at low heat. The kitchen assets are typical for operating a barbecue restaurant. The restaurant is furnished in a welcoming ‘Texan, southern-charm’ style with the theme carried throughout the restaurant. Everything is in excellent shape due to operations starting in December 2017. The catering van is logo wrapped and in good working condition. Parking is ample and easily accessed. The lease for this prime space is for 10 years, renewable for 10 more.
Competition:
This restaurant is located in a prime restaurant area of an upper-middle class neighborhood. The restaurant front is adjacent to a main highway and clearly visible upon entering the shopping center. There are many restaurant options in the area which attracts diners. This is the only barbecue restaurant in the area specializing in fast-casual southern style barbecue. Franchise has a non-compete for a five mile radius for three years.
Growth & Expansion:
Great client base developed since the opening in December 2017 including loyal regulars. Growth trend can continue by utilizing existing marketing efforts and maximizing the catering potential available.
Financing:
$189,000
Support & Training:
Four weeks of training will be provided at no cost. Additional training and support from franchise is available.
Reason for Selling:
Family issues.
Franchise:
This business is an established franchise
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Fred Walker

Business Listed By:
Fred Walker

Murphy Business & Financial VA

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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. 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.

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