$45,000 Down - SBA Approved - High Volume BBQ

NOT DISCLOSED, California

Asking Price	$300,000	Year Established	1942
Annual Revenue	$2,100,000	Reason for Selling
Annual P/L	$0	Attention	Steve Zimmerman
Annual Cash Flow	$140,000	Listing Number	980073
# of Employees	18	Business Category	Food & Beverage: Restaurants, Fast Food, Deli

Business Overview:

$45,000 Down - SBA Approved - High Volume BBQ Restaurant - Long Established - Located in the San Fernando Valley 

RRC# 5029

Location: San Fernando Valley 

Description:

Price Reduced to $300,000. This business is SBA Loan pre-approved. 4,200 sq ft BBQ Restaurant's history began in the late 1940’s, when the original owner moved from Missouri and started a small barbecue shack in California. After several years the popularity of his food spread, so he decided to move to northern San Fernando Valley and start a small take-out restaurant. He built a small building at this location. He constructed a brick oven, called a pit, and used local hardwoods to slow smoke beef, pork, spare ribs and chicken. His unusual vinegar-based coleslaw and sweet barbecue bean recipe became the backbone of his menu. As the San Fernando Valley grew from being an agricultural community to a major city, this successful business grew along with it. This Restaurant became a landmark in the Valley, so they built two more similar restaurants. The many positive customer reviews are the testimony. “It’s been 50 years of the best Bar-B-Q ever! See you when I’m in LA”, “I travel the country for a living and have had the ‘best BBQ in the south” and NOTHING comes remotely close to your BBQ beef on garlic with your sauce” & “Incredible food. My friends told me about this place and I’m soooooo happy that I found a new place nearby with the best BBQ I’ve ever had.” Fully inclusive Monthly Rent is $18,132 with 2024 annualized sales revenue of $2.1million. Operated with 18 employees, 180 seats including an outside patio, open 7 days, 11.30am – 8.00pm, a Beer & Wine license and 65 parking spaces. With an annual profit of $140k and an asking price of $300,000, this business may well be approved for SBA lending. To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail. No Broker Coop.

Financial Information:

Monthly Revenue: $175,000 

Monthly Cash Flow: $11,700 

Annual Revenue: $2,100,000 

Annual Cash Flow: $140,000 

General Info:

Ownership: Inc 

Established: 1942 

Employees: 18 

Reason For Sale: Other Interests

Monthly Rent: $18,132 Inclusive NNN 

Expiration: 2028  plus  Two x 5 years Lease Options

Facilities:

Square Feet: 4,200 

Seating: 180 

Parking: 65+ 

Licenses: ABC Type 41, Business & Health Permit  

Days/Hours of Operation: Daily 11.30am - 8.00pm

Property Features and Assets:

<p>Facilities:</p><p>Square Feet: 4,200 </p><p>Seating: 180 </p><p>Parking: 65+ </p><p>Licenses: ABC Type 41, Business & Health Permit  </p><p>Days/Hours of Operation: Daily 11.30am - 8.00pm </p>

Market Competition and Expansion:

<p>General Info:</p><p>Ownership: Inc </p><p>Established: 1942 </p><p>Employees: 18 </p><p>Reason For Sale: Other Interests</p><p>Monthly Rent: $18,132 Inclusive NNN </p><p>Expiration: 2028  plus  Two x 5 years Lease Options</p>

Additional Details: