Extremely Profitable Chicken and BBQ Restaurant

Tonkawa, OK
Kay County

Asking Price: Annual Revenue:
$395,000 $1,300,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Extremely Profitable Chicken and BBQ Restaurant Broker: Jim Baker
License #: U812..773
Owner Financing is Available!
25% cash down and owner will carry a note for the rest

Quick Facts

Asking Price: $395,000
Annual Revenue: $1,300,000
Net Profit: $200,000
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: $153,000
Real Estate: Florida
Year Established: 1983
Employees: 20
BBN Listing #: 66017375
Broker Reference #: Not Disclosed

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Business Overview:

Profitable Chicken and Bar-B-Que Business For Sale. As one of Oklahoma's leading chicken and Bar-B -Que restaurants since 1983, this lucrative business is absolutely priced to sell! Gross sales total an amazing 1.3 million while the owner benefit is $200,000. Because the owners, who have been part of this successful, family-owned franchise since 1983 are most anxious to retire, they have set an asking price of $395,000. Obviously, a prospective buyer must be approved by the corporation , and the present owners would prefer that the business be purchased by a married couple. Asking for 25% cash down, the sellers desire an owner/ operator arrangement; a prospective buyer must be credit worthy for land lease application. Also, 10K is to be earmarked for the franchise agreement sign-up fee.

A free-standing building that is located in a shopping center with excellent traffic, the dine-in and carry-out restaurant is 3,200 square feet with a drive thru and catering service for up to 500 people. Lease terms for the building are $4,600 per month. Daily specials are offered, and the restaurant is closed on Sundays and ALL major holidays. Inventory value totals $153,00; inclusive in that amount are smokers which can accommodate 600 lbs. of meat and are state-of-the-art. Fixtures, furniture and equipment will also be included in the sale. Moreover, the present owners are willing to stay on and train new owners for 30 days; however, if needed, they are open to assist in a consulting capacity beyond the 30 day period. Additionally, the 8 full-time employees and 14 part-time employees may be helpful in the transition from one owner to the next.

Inquire immediately for additional information regarding this highly successful restaurant that has been proudly family-owned and operated for over 30 years--- truly a rare and extremely affordable opportunity!

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Property Features and Assets:

Inventory: $8,000; Lease Rate: $4,600 /Month

Reason for Selling:


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 a franchise resale opportunity.

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