MergerPlace

Profitable SE Michigan Barbecue Joint

Michigan


  • Asking Price: $249,900
  • Gross Income: $689,810
  • Cash Flow: $91,919
  • Real Estate: Not Disclosed
  • Inventory: $4,700
  • FF&E: $104,393
  • Listing ID: #208479
  • Established: 2017
  • Employees: 13

Business Description

Since its founding in 2017, the Company has been offering customers a menu full of Texas-style slow- smoked barbeque. The Restaurant has several revenue streams and a large online following that make it a great acquisition opportunity. The Company is turn-key with managers in place who handle much of the Restaurant’s daily operations.

The Restaurant has been able to achieve substantial organic growth since being founded in early 2017. While young, the Company has a growing customer base that continues to revisit due to the Restaurant’s delicious menu options. The Company has significant room for growth as it continues to establish itself in the area.

The owner is seeking to transition the Company to new ownership due to health issues. He is willing to provide assistance to a new owner through a reasonable transition period.

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Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Michigan

Company Information

Year Established: 2017
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 13

Financial Information

Asking Price: $249,900
Gross Revenue: $689,810
Cash Flow: $91,919
EBITDA: $86,439
FF&E: $104,393
Inventory: $4,700
Seller Financing Available: No

Property Information

Facilities:

The Company is located on a busy street near the center of a populated city, providing the Company with access to a significant portion of both the residential and commercial markets.

Growth & expansion opportunities:

Growth Opportunities include: (1) Direct Delivery (2) Community Marketing (3) Menu Enhancements

Competition:

Investment Highlights include: (1) Well-Established and Award-Winning Franchise: The Company belongs to a network of franchises that is well-established and known for their excellent quality of food and service. (2) Convenient Location for Organic Growth: The Company has yet to reach its full potential within its current geographic area, meaning it is primed for organic growth without significant investment needed from a new owner. (3) Six High-Value Revenue Streams: The Restaurant has six streams of revenue compared to two for the typical restaurant, providing it with a way to serve its customers through dine-in, take-out, catering, and more. (4) Limited Owner Involvement – Two managers run the day-to-day operations making it so that the present owner does not have to be involved more than general oversight on a part-time basis.

Reason for selling:

Health Issues.

Support & Training:

The owner is willing to provide assistance to a new owner through a reasonable transition period. Training will also be provided by the franchisor.

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Business Listed By:

Doug Yntema

Calder Capital, LLC