BBQ Restaurant For Sale That Was Voted Best BBQ 001241
Price: $990,000
Location: Rockwall County, Texas
Industry: Restaurants & Food/American Restaurants
Listing ID: 001241
BBQ restaurant for sale that was voted best in N. Texas, with revenues of 2.2 million, and a prime location is available for acquisition. When we say PRIME location, it doesn’t get better than this. Any restaurateur, entrepreneur, and investor do not want to miss out on this. This establishment is any restauranteur's dream location. Located next to one of the busiest lakes in the DFW Metroplex, this establishment occupies 3,602 sq ft of space in a mixed-use development surrounded by many prominent national retailers and a 4-star hotel connecting to the boat docks and lighthouse. To take it up a notch, there's a huge outdoor stage next to the establishment, where concerts and events are held throughout the year. To fully capitalize on the establishment's surroundings, the owners have installed roll-up garage doors to open the restaurant so the patrons can enjoy the live entertainment and scenery while dining in. There is also a huge patio that can seat over 100 guests. This BBQ establishment has won numerous awards for its food and more. The menu currently consists of Brisket, Ribs, Beans, Turkey, Salads, Loaded Fries, Nachos, Pulled Pork, and a full bar comprising cocktails, drafts, and happy hour. The customer base consists of high-income individuals and families from the surrounding area and many tourists and shoppers from the influx of traffic brought to the mixed-use development and lake. This establishment was established in 2016 by the current owners and has seen strong growth except for a slight setback during 2020 due to Covid. The establishment has consistently generated over $2 million in revenue and is projected to finish 2022 with 2.35 million in sales. This establishment has plenty of room for growth, from increasing revenue to increasing profitability and additional room for expansion. Current owners have been unable to maximize profitability due to a lack of experience in the industry. Removing unnecessary expenses and services such as knife sharpening, shopping for competitive pricing, and reducing overtime on payroll with the addition of happy hour, catering, and increasing retail sales from its sauce, rubs and apparel could drastically increase revenue and profits.
Down Payment: $297,000
Total Sales: $2,071,504
Cash Flow: $335,983
Inventory: $30,000 (Included in the listed price)
FFE: $150,000 (Included in the listed price)
Owner Financing: No
Franchise: No
Relocatable/Home-based: No
Reason For Sale:
Other Opportunities
Training & Support:
The owners will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.
Year Established: 2016
Employees: 4FT/24PT
Absentee Owner: No
Square Footage: 3,602 SF
Facilities Information:
This establishment is any restauranteur's dream location. Located next to one of the busiest lakes in the DFW Metroplex, this establishment occupies 3,602 sq ft of space in a mixed-use development surrounded by many prominent national retailers and a 4-star hotel connecting to the boat docks and lighthouse. To take it up a notch, there's a huge outdoor stage next to the establishment, where concerts and events are held throughout the year. To fully capitalize on the establishment's surroundings, the owners have installed roll-up garage doors to open the restaurant so the patrons can enjoy the live entertainment and scenery while dining in. There is also a huge patio that can seat over 100 guests.
Competition:
There are few competitors in the immediate area, such as chain BBQ restaurants, but this establishment's products are on a higher tier, with a location that can't be beaten.
Potential Growth:
This establishment has plenty of room for growth, from increasing revenue to increasing profitability and additional room for expansion. Current owners have been unable to maximize profitability due to a lack of experience in the industry. Removing unnecessary expenses and services such as knife sharpening, shopping for competitive pricing, and reducing overtime on payroll with the addition of happy hour, catering, and increasing retail sales from its sauce, rubs and apparel could drastically increase revenue and profits.
Financing/Terms:
100% cash at closing or 30% cash down with SBA Financing for qualified buyers.
