Business For Sale

Profitable Low Country Full Service w/Two Location

Not Disclosed, VA
Hanover County


Asking Price: Annual Revenue:
$599,000 $1,200,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Low Country Full Service w/Two Location Broker: Bill Kelly

Quick Facts

Asking Price: $599,000
Annual Revenue: $1,200,000
Net Profit: Not Disclosed
Cash Flow: $195,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 28
BBN Listing #: 608143891
Broker Reference #: 9525-911665

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Business Overview:

This successful “full service” restaurant was started in 2013 as a family run business, serving Cajun Homestyle and Pit Cooked Barbecue, mouthwatering side dishes and desserts. Since its inception, the owners have offered consistent high-quality service and food for a reasonable price, which has attracted a solid local following. Totally remodeled in 2016, the “Low Country” theme, has a full bar tucked into the corner to emphasize its inviting “Family Friendly” casual atmosphere. The current floor plan provides for 84 seats, 11 bar chairs, and the owner plans to add an additional 14 seats to an outdoor patio this spring. This winning combination of the theme, service, and food has led to consistently increasing sales and profitability each year.

The owners purchased a portable (trailered) PitMaster BBQ pit ($25,000) to facilitate event catering but found the requests for catering far exceeded their expectation and was overwhelming them. They still do some limited catering events, but the portable pit cooker is now used solely to provide pit cooked meats for the restaurant.

In 2018, the owners opened their second 6,000 location with a great outdoor patio. Both locations are within 15 minutes of each other. The new location carries over the same family restaurant & bar theme serving the same menu of scrumptious low-country inspired meals featuring their famous pit cooked barbecue.

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Property Features and Assets:

This successful “full service” restaurant was started in 2013 as a family run business, serving Cajun Homestyle and Pit Cooked Barbecue, mouthwatering side dishes and desserts. Since its inception, the owners have offered consistent high-quality service and food for a reasonable price, which has attracted a solid local following. Totally remodeled in 2016, the “Low Country” theme, has a full bar tucked into the corner to emphasize its inviting “Family Friendly” casual atmosphere. The current floor plan provides for 84 seats, 11 bar chairs, and the owner plans to add an additional 14 seats to an outdoor patio this spring. This winning combination of the theme, service, and food has led to consistently increasing sales and profitability each year. The owners purchased a portable (trailered) PitMaster BBQ pit ($25,000) to facilitate event catering but found the requests for catering far exceeded their expectation and was overwhelming them. They still do some limited catering events, but the portable pit cooker is now used solely to provide pit cooked meats for the restaurant. In 2018, the owners opened their second 6,000 location with a great outdoor patio. Both locations are within 15 minutes of each other. The new location carries over the same family restaurant & bar theme serving the same menu of scrumptious low-country inspired meals featuring their famous pit cooked barbecue.

Market Competition and Expansion:

This is the only full service restaurant/bar serving BBQ and home style meals On weekends the restaurant experiences long lines for a table. The new location is twice the size and has a large outdoor patio. Most of the sales growth will come from the new location in 2019. However, they are constantly asked to provide catering services which they currently do no offer, only take-out.

Reason for Selling:

Retiring

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 not a franchise resale opportunity.

Relevant Links:

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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