Established Restaurant For Sale in Growing College Town

Asking Price$499,000

Cash Flow
$141,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,030,000

Inventory$35,000
Not included in asking price
FF&ENot Disclosed

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Established Restaurant For Sale in Growing College Town


Asking Price$499,000

Cash Flow
$141,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,030,000

Inventory$35,000
Not included in asking price
FF&ENot Disclosed

Business Description
This full-service restaurant specializes in delicious BBQ served both in house and via catering. Cash flow includes revenue from food, alcohol, catering, and online sales. There are multiple ways to increase cash flow including extending business hours, online sales promotion, and potentially franchising. After 25 years in operation, loyal customers have made it a destination location. The restaurant has received recognition by the Alabama Board of Tourism listed for having one of the “100 dishes in Alabama to eat before you die”. The restaurant has also received a “Best of” award by the Anniston Star. It operates in a standalone building in a college town, within one mile of new residential construction. Approximately 450 new rooms have been added in the last year. The business owner is retiring and looking for new owners that have a great passion for the industry and are ready to take the business to a whole new level.
About the Business
Years in Operation
23
Employees
20
Facilities & Assets
Kitchen equipment, furniture, computers, POS equipment, and other equipment used in business except vehicle. Vehicle is the personal property of the owner.
Market Outlook / Competition
Growing market with limited competition.
Opportunities for Growth
Excellent potential for growth in sales and profits by expanded operating hours and increased on-line sales. The concept has franchising potential.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,681
Rent
$5,000.00 per month
Lease Expiration
12/31/2028
About the Sale
Seller Motivation
Retiring
Transition Support
Owner will provide transition time as negotiated.
Financing Options
No owner financing, but SBA financing is available.
Listing Info
ID
2347009
Listing Views
379

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Business Listed by: Scott Myers eXp Commercial

Listing ID: 2347009 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.