Business For Sale

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:

Retirement

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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