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Bbq Restaurant
Location Florida,United States
Asking Price Range $250K - $500K
Gross Revenues $854920
Net Profit / Cash Flow $190369
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2000
Number of Employees 10 - 19
Inventory $302000
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training Seller will spend at least 14 days with buyer helping train / acclimate.
Reason for Sale Moving.
Description Highly Profitable quick service restaurant w/excellent books, records and tax returns. All #'s are provable. Established 12 years yet recently remodeled. Sales are up every year and showing continued increases for 2012. Very well
organized w/ policy and training materials in place. Excellent lease. Owner only commits about 10 hours / week (so add-back includes manager). At sellers request buyer/prospect must supply NDA, bio and PFS prior to showing.
Offering traditional favorites like Ribs, Chicken, Pulled Pork and the like, Keller's further rounds out it menu with other delectable items such as Smoked Sausage, Brunswick Stew and more. Complete with beer specials and an attractive kid's menu, Keller's has a delicious affordable meal for almost anyone.
The owner's attention to detail does not stop with his recipes, the business includes operational manuals so that a new owner can continue to enjoy the same (or more) success than he has. This is vital as the sale is not a case of "getting out" of the business. The seller is expanding into a different area of Florida and while he is already moving forward with the construction of the first store, the sale of this location will allow him to add a second location to that area in relatively short order.
The lease was renewed in 2010, the store was remodeled in 2011, sales have been up year over year for several years and profits are substantial. While there is enough room in the income to justify a decent return while just overseeing (like the seller does, contributing only about five (5) hours per week to the establishment), most would agree that maximum owner benefit potential is achieved when one is willing to commit fully to the operations.
Contact Information
Contact: Keith Lehmann
Phone: 407-260-1222
Be prepared to sign confidentiality / disclosure forms as well as to inform broker as to your current cash position.
Click Here To Contact Seller
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