Turnkey Successful BBQ Restaurant For Sale - Price Reduced by $10,000

Asking Price$110,000

Cash Flow
$47,750

EBITDA$16,250

Gross Revenue$400,000

Inventory$2,500
Included in asking price
FF&E$95,000
Included in asking price
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Turnkey Successful BBQ Restaurant For Sale - Price Reduced by $10,000


Asking Price$110,000

Cash Flow
$47,750

EBITDA$16,250

Gross Revenue$400,000

Inventory$2,500
Included in asking price
FF&E$95,000
Included in asking price
Business Description
Foothill Momma's BBQ is a full-service Restaurant that currently operates from 11:00am - 7:00pm M, W, Th, F, S and on Sundays from 11:00am - 3:00pm (Closed on Tuesdays). All kitchen Equipment, Dining Room furnishings, and complete "Kitchen Bible" with all current Menu Recipes and instructions plus numerous specials, are included with sale of the Business. A detailed List of all assets and supplies will be provided along with full financial disclosure upon signing of a confidential Non-Disclosure Agreement by qualified prospective Buyers.
About the Business
Years in Operation
15
Employees
8
Currently Relocatable
Yes
Facilities & Assets
The Restaurant has been located in 1600 sq. ft. of space that is leased in an attractive strip mall on Midland Trail (Route 60) in Lexington, about 1.8 miles from Interstate 81. Approximately half of this space is composed of the Dining Room with Bar and 2 Restrooms, having a seating capacity for 39 customers. The rest of the space is occupied by an organized commercial kitchen with a full complement of equipment and small office.
Market Outlook / Competition
Foothill Momma's BBQ has a strong Reputation as portrayed by highly rated Reviews on Yelp, Facebook, Trip Advisor, Google, etc. and many repeat Customers. Recently purchased Signage for Exit 188-B on Interstate 81 along with the recently announced adjacent WaWa development will generate even more Customers in the future. There are currently No Direct Competitors with similar Food offerings in the general area.
Opportunities for Growth
There is significant opportunity for Growth in Revenue at the Restaurant from increased traffic from Interstate 81 and also the Potential for more Business by offering BBQ Catering services for off-site Events. (Included in the Sale is a Box Panel Truck and most of the Equipment/Supplies needed for this ancillary Business).
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,600
Rent
$2,200.00 per month
Lease Expiration
12/31/2027
About the Sale
Seller Motivation
Relocation Closer to Husband's Employment
Transition Support
Buyer of the Restaurant will receive Free Support and Training from the Seller and remaining Employees to insure Smooth Transition during the Change in Ownership.
Financing Options
Prospective Buyers Must Provide Evidence of Financing Source of Funds for Acquisition
Listing Info
ID
2235933
Listing Views
1872

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Business Listed by: Donn Meyerhoeffer Cottonwood Commercial

Listing ID: 2235933 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.