Seller's Contact Information
- RE: Price Reduced Profitable BBQ Restaurant
- Contact: Wayne Blease
Quick Facts
| Asking Price: | $209,000 | |
| Annual Revenue: | $585,600 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $120,485 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $90,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 8 | |
| BBN Listing #: | 706344107 | |
| Broker Reference #: | 76931-315328 |
Business Overview:
This business started in September 2014 and was taken over by the present owner in March of 2017. This barbeque restaurant was well established and had a good name and reputation, and the current owner has maintained very high standards and is very involved in the community. Their strong reputation is built on integrity, cleanliness, awesome homemade food, and love for their customers. It has an indoor seating capacity for 45, with additional outdoor seating, and drive-thru service. One of its strong suits is its location in a shopping center anchored by a strong popular and prominent grocery chain With minimal competitors in the area. This has allowed the owners to grow the brand over the years to its current revenue of close to $600,000. This restaurant is located in the Northeast Houston market area, in one of the fastest-growing school districts in the state of Texas.
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Property Features and Assets:
This business was established in September 2014. It was run by the family and the present owner took over on March 1, 2017. This barbeque restaurant was well established and had a good name and reputation, so the current owner decided to keep the name and only change the spelling. This restaurant maintains very high standards and is very involved in the community. Their strong reputation is built on integrity, cleanliness, awesome homemade food, and love for their customers. The owner took the business from a ~$350-375K a year revenue to ~$600,000 gross sales in 2020 by focusing on keeping high standards, and projects continued strong growth in 2021. They are located in one of the fastest-growing school districts in the state, offering continued opportunity for growth. All this has been accomplished while only being open 8 hours a day, 6 days a week (48hrs week). There is more opportunity to have breakfast sandwiches/tacos, open on Sundays, as well as staying open past 7 pm. A major grocery chain that is the anchor in the center, has plans soon to convert this current location to a super store and that will include incorporating their new look throughout the center incorporating all the businesses in the center. The current owners would like to focus on family and transition to retirement.
Market Competition and Expansion:
The population in and around the restaurant area is the primary target for this business. This includes daily workers, commuters, and schoolteachers, public service employees, as well as families stopping by to dine in, and for take-out family meals. Anchored by a popular major grocery chain, that is in preparation to convert to a superstore that should increase the current high traffic flow.
Reason for Selling:
Retirement
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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