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
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Prime Location Franchise BBQ in High Income Neighborhood
(Restaurants)
Rockwall, Texas
Listed Price: $ 179,000
Listing ID: 000723

Listing DetailsDown Payment: $ 90,000
Gross Revenue: $ 530,994
Cash Flow: $ 85,905
FFE: $ 70,000 (Included in Price)
Inventory: $ 3,000 (Included in Price)
Reason for Sale:

Other Opportunities


Training & Support:

The owner of the business provide the necessary training needed to smoothly transition into the business operation.


Listing SummaryBusiness Description:

Prime location American BBQ franchise restaurant occupying the end-cap space of a high-visibility retail strip center is available for acquisition. This business was originally established over a decade ago in 2005 and was later acquired in 2015 by the current owner of the business. Most of the customers are middle-class individuals and employees from the surrounding mix of retail, residential, medical, and commercial buildings that bring immense flow of traffic to the area. Net sales average has been $500K to 550K/year for the most recent year that has been very steady over the last several years of operation due to the optimal location and some marketing done by corporate. Although corporate marketing is consistently in place, other proactive marketing methods needs to be utilized in the local area for this business to maximize income potential and acquire more customers from untapped areas within the city. Competition is usually expected for franchise businesses such as this business, but there are no competitors within the immediate market area that competes in the same industry as this business. There are many ways to proactively market this business such as direct mailing, delivery service, 3rd party delivery services, social media outlets, door hangers, lunch specials and hiring management to operate the business. Placing a manager within the business while the owner is less involved will allow the owner to focus on the back office work and grow the marketing done in the local area to grow the business. Utilization of the location is crucial to the consistent growth as there's a nationwide grocery chain that anchors this business with consistent pedestrian traffic. This franchise restaurant has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.


Competition:

There are no competitors within the immediate market area of this business.


Potential Growth:

No marketing is done locally, but corporate ADs provide minimal marketing. More proactive marketing is highly needed to grow the business. Catering business used to be a good profit center for previous owners - lacking area of current owner. New owner will have to put marketing efforts into catering to regain tremendous profit generated by catering sales.


Financing/Terms:

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


LocationSquare Footage: 2706
Facilities:

This business is located in a 2,706 SF retail strip center surrounded by many retail businesses and densely populated residential neighborhoods. All equipment is in impeccable condition and in working order.


OperationYear Established: 2005
Employees: 2FT/4PT
Absentee Owner: No