Price: $869,000
Location: Mobile, AL
Listing ID: 1-66
Listing Status: New
This barbecue location has been around for nearly ten years. It comes with the real estate included in the asking price and has a full staff of cooks and servers. The company runs off of walk-in, drive-through/pick up orders, and a large amount of corporate catering.
The owners started this business back in 2014 as a way to follow a long held dream of owning a barbecue. After nearly ten years, the owners are ready to retire fully. Restaurant is only open for lunch 4 days a week and dinner on Friday night. What an opportunity to increase hours and increase revenue!
The owners are willing to help a buyer transition for 30 days in store to ensure the buyer's success. They are open to consulting by phone for a much longer period. This business is priced for a quick sale, the building is valued at $650k, the equipment and inventory is valued at $140k and the actual business is worth $350k. The price has been reduced by $241,000 for a quick sale.
Real estate is an acre and a half with a nearly 5,000 sq ft building on a major highway in the fastest growing area of Mobile. It can seat one hundred in the main dining room and has an extra party room for events. It also caters to businesses frequently.
Competition:
There are a few competitors, but not enough to significantly decrease the demand. This is famous BBQ in the deep South.
Growth & Expansion:
There's a lot of room for growth by opening for lunch 6 or 7 days a week instead of 4 and opening 3 to 4 nights a week for dinner instead of only 1. A catering manger is also needed to sell catering jobs to the numerous companies and plants within a 15 mile radius of this restaurant. This business should be grossing over $1MM a year within 18 months with these additions. Please fill out the contact form and complete the NDA to learn more.
Support & Training:
The owners are willing to help a buyer transition for 30 days in store to ensure the buyer's success. They are open to consulting by phone for a much longer period.
Reason for Selling:
Retirement to the Beach
Total Sales: $540,000
Cash Flow: $126,789
FFE: $125,000
Inventory: $15,000
