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BBQ Restaurant With Beer & Wine - Great Location

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $687348
Net Profit / Cash Flow  $95698
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2007
Number of Employees  6 - 9
Inventory  40000
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Moving out of state
Description  This North County San Diego quick service restaurant is located in a high traffic shopping center, with parking and complementary neighbors and anchor tenants. The restaurant offers a unique BBQ menu, and has developed a loyal following over the years. The business comes complete with a beer and wine license, a full clean kitchen, two hoods, a walk-in refrigerator and freezer, and smoker. It offers a working owner cash flow of nearly $100,000 with excellent potential to build upon. Asking Price $195,000. The 1,800 square foot facility leases for $9,795 per month, including common area maintenance expense, on a lease valid through 2017. The sale includes all of the business's assets including a kitchen with a stove, smoker, grill, deep fryer, prep tables, walk-in coolers, and beer and wine license. Inventory will be sold in addition to the purchase price at cost at close. This restaurant does face some competition from one other BBQ establishment as well as other concepts within the immediate area, as the area is a hotbed for full and quick service restaurant operations. The business is well positioned for growth. BBQ catering and deliver demand is strong and has not been aggressively pursued by the current owner. The business may also introduce a mobile smoker for catering events. Increased advertising via web specials, group buy sites, loyalty and rewards programs, as well as direct mail and other local marketing efforts could also increase potential future revenues.
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