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- RE: Established BBQ Spot In City
- Contact: Raul Quintero
Quick Facts
Asking Price: | $200,000 | |
Annual Revenue: | $312,270 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $50,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1983 | |
Employees: | 2 | |
BBN Listing #: | 945431 | |
Broker Reference #: | 76931-744344 |
Business Overview:
This Barbeque establishment is located on one of the busiest streets in Central San Antonio that opened their doors in 1983. This business provides a complete Barbeque menu cooked in a real pit for all types of meat lovers - ranging from juicy brisket to pork shoulder and chicken leg quarters. The strength of this business includes efficient and personalized service, a clean and family-friendly environment, competitive pricing, and BBQ cooked to proprietary recipes developed and passed down by the original owner. He has passed down the unique flavored 100 % Mesquite wood recipes as well as recipes for potato salad and other BBQ sides well known to the San Antonio community and tourists that have enjoyed dining at this establishment. Customers can still come into the restaurant for a dine-in experience or take advantage of their delivery service to enjoy their BBQ in the comfort of their own home or office. The Asking price is $200,000 for the business. Included in this price is $50,000 for FFE and $25,000 for Tenant Improvements. With the lease expiring in August 2024, the new Buyer can negotiate incentives for Tenant Improvements from the Landlord in exchange for signing a long term lease.
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Property Features and Assets:
Monthly Rent: $4,267.00
Square Units (Foot, Meter): 1,690
Lease Expiration Date: August 31, 2024, 12:00:00 AM
Terms Options: New Lease will need to be negotiated.
Facilities: The business is still located at original location.
FF&E Overview:
All Tables, Stools and Chairs (Small, Large)
Booth (6)
TV
Chest Freezer, stand up freezer
2 door fridge (Freezer on top)
2 door refrigerator
Wire shelves
Containers (stainless, plastic)
Spoon (serving, stainless) knives (cutting, chopping)
Cutting boards
NCR Aloha cash register
Wine fridge
Office stationery
FF&E General Condition: Good Condition
Market Competition and Expansion:
Competition:
- Won the Channel 4 News Blue Plate award in 2017
- Close proximity to large corporate office where catering can be re-started
- Catering piece of business can substantially increase revenue
- HVAC system recently refurbished
- Have been able to maintain original customers
- Large Tourist Following
- Original 100 % Mesquite wood recipes passed down from original owner
- Unique recipes for BBQ sides
Expansion:
- Adding staff and opening the restaurant on Monday and Tuesday
- Increasing the Menu offering
- Adding Catering services to businesses in the area
- Adding beer and Wine to the offering
- Increase advertising in the immediate area
- Add a food truck for special events throughout the city
- Sponsor a booth during fiesta week for brand recognition to newer generation
- Partner with local Universities to Sponsor School Events (St. Mary’s and Trinity University)
Reason for Selling:
Move on to other ventures
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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