Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
Broker Contact Form
Name

Email

Phone

Comment


Two Nationwide Franchise BBQ Restaurants
(Restaurants)
Denton, Texas
Listed Price: $ 1,100,000
Listing ID: 000397

Listing DetailsDown Payment: $ 330,000
Gross Revenue: $ 1,662,860
Cash Flow: $ 416,292
FFE: $ 225,000 (Included in Price)
Inventory: $ 15,000 (Included in Price)
Reason for Sale:

Other Opportunities


Training & Support:

Owner of the business will provide training as needed to smooth the transition into the business operation. Corporate will provide training for a set amount of time at the corporate training center.


Listing SummaryBusiness Description:

Two prime location franchise BBQ restaurants with high volume sales are available for acquisition. This business was first established by the current owner of the business in 2008 and later in 2013 the second location beside the tollway was established. The location of this business is in one-of-the-best areas for customer acquisition as there's an upscale mall nearby the first location and various schools that is nearby the second location that has many students with ample amounts of disposable income. Most of the customers are various professional workers from the nearby nationwide retailers that come during lunch hours and high-income families in dinner hours that are from the neighborhoods within this middle-high class area. Net sales average was $1,700,000 - $1,750,000/year in the last few years of operation that has been consistent each year with a slight increase in 2016. Owner involvement is critical to the business generating more revenue since the current owner doesn't have enough time to allocate towards proactive marketing. Corporate ADs along with word of mouth provides an ample amount of customer acquisition, but these businesses can't achieve full capacity without proactive local marketing from the owner. Various local marketing tactics can be used to increase sales such as direct mailing, delivery service, catering, student discounts, and social media marketing on numerous online outlets. Their menu consists of many items that range from various types of BBQ meats, sandwiches, salads, side dishes, and desserts that are made from scratch. The franchise was built upon their first business model of a buffet-style restaurant and later added the option of fast casual style in the last few years, but the first location still has the original buffet-style model that accommodates towards high volume sales and customer dense locations. On the contrary, the second location is the fast casual style that is perfect for the tremendous traffic that the tollway provides to this strip center that is suited for busy individuals. Depending on location, the owner of the business can utilize this knowledge to choose between the fast casual style and buffet style that matches with the demographics of the area.


Competition:

Few competitors are within the immediate market area of both businesses, but this business is a well-known franchise that has high brand recognition as well as a perfected recipe which everyone can enjoy.


Potential Growth:

The only two sources of marketing that is currently being implemented are through word of mouth and corporate ADs. Proactive marketing within the local area is needed to generate more revenue. Second location is having an anchor tenant, a renowned national grocery chain opening soon which will immensely increase traffics to this center thereby increasing revenues of this restaurant by far.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 3500
Facilities:

Both locations are in the end-cap space of the retail strip center that occupies 3,500 SF (first location) and 2,200 SF (second location). All equipment is in great condition and in working order.


OperationYear Established: 2008
Employees: 5FT/9PT
Absentee Owner: No