Iconic BBQ Restaurant

Not Disclosed, MI
Wayne County

Southeast Michigan

Asking Price: Annual Revenue:
$300,000 $801,738

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Iconic BBQ Restaurant Broker: Max Friar
Owner Financing is Available!
Limited seller-financing is available for qualified buyers.

Quick Facts

Asking Price: $300,000
Annual Revenue: $801,738
Net Profit: Not Disclosed
Cash Flow: $147,702
Total Debt: Not Disclosed
FF&E: $205,091
Real Estate: Not Disclosed
Year Established: 1964
Employees: 6
BBN Listing #: 686145079
Broker Reference #: 771

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Business Overview:

A legendary mainstay in an urban southeastern Michigan setting, this iconic BBQ restaurant is a rare opportunity to acquire a piece of local history.

The Company offers old-school, carry-out BBQ, with a minimalist menu and proprietary, secret recipes.

Known for both their meat and seafood, customers are known to drive 75 miles and more just to pick up the company’s BBQ items.

Newly-offered catering services offer an excellent opportunity for a buyer to pursue revenue growth.

In addition to its high profitability, the company runs efficiently, and with the owner working minimal hours.

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Property Features and Assets:

1,500 square feet commercial space.

Market Competition and Expansion:

Investment Highlights Include: (1) Legendary status: customers are known to drive 75 miles and more just to pick up BBQ items. (2) Low Overhead and Easy to run (3) Part-time Owner Involvement—Owner typically works 10-15 hours per week. Growth and Expansion: (1) Add third-party delivery services (2) Marketing and Operational: more advertising to the university and suburbs would help acquire more customers; adjust operating hours. (3) Expand or franchise: a buyer may choose to capitalize on the legendary status and reputation of the establishment by franchising the brand.

Reason for Selling:

Owner Relocating.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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