Owner Financing is Available
Business for Sale Overview:
High Profile BBQ Restaurant, unique and very profitable, independent concept generating high sales volume with strong growth potential. Business also includes kiosk operations and catering. Very Appealing free-standing building on the North Shore; Virtually no competition in local trade area. This is a truly turnkey operation that is spinning off $175,000 in profit with a long term lease at below market rate. The financials are well documented and bank financing is available. This is a must see opportunity.
Licenses: Beer & Wine, Common Victual’s
Sales: 2008 Sales were $1,150,000 (Sales trending upward 3 years running).
Cash Flow: $175,000
Price: $395,000 (Bank financing available for qualified buyers).
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Facility: Very Appealing free-standing building on the North Shore. 2,100 square feet space with 859 square feet basement Beautiful build-out with Vintage collectible decor and outdoor seating.
Condition:The building and restaurant are in Excellent condition.
Parking: 56 parking spaces
Equipment: The equipment has been well maintained and is of very good quality.
Lease Term: 20 plus 5 plus 5 year lease (Rent has been prepaid through March of 2010.)
Base Rent: $1,800 per month NNN (Below market rate)
Seating: 55 seats with 32 additional seats on the outdoor patio
Hours: 11:00AM –8:30PM.
Market Competition and Expansion:
Virtually no competition in the local trade area.
Reason for Selling:
Moving abroad
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.