Family BBQ Restaurant - Lounge
Location: Washington
Industry: Food and Beverage > Restaurants
Financials
Asking Price: $435,000
Gross Revenue: $1,306,385
Cash Flow: $36,232
Inventory: $15,500 (Not Included in Asking Price)
FF&E: $657,600 (Included in Asking Price)
Seller Financing: All cash or possible terms as are acceptable to seller
Business Summary
This is a full service restaurant and lounge specializing in BBQ at an outstanding location. Ample off street parking. Approximately 5,300 sq ft of building plus a patio area and has 8 years remaining on lease with an option to renew. There is over $900,000 in equipment and leasehold improvements. Monthly sales are averaging approximately $110,000 in2007.
About the Business
Year Established: 2005
Facilities: Upscale interior design, TVs in lounge
Market Outlook and Competition: There are other restaurants and eateries in the area, but this restaurant offers superb service and quality food.
About the Sale
Management Training and Support: Seller willing to train in transition for a limited period of time from date of closing at no additional cost to buyer
Reason For Selling: To manage his other businesses
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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. Please review the full Disclaimer here.
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