BBQ Big Profits!!!
Union County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $440,000 |
$840,000 |
$201,560 |
Furniture and Fixtures Value:
$175,000 (included in the asking price)
Inventory Value:
$4,000 ( not included in the asking price)
Business Summary:
Wish to make large profits in the restaurant business? Here is a BBQ where new owners get back much more than was put down in the first year! Take-out and cash 60%/40% charge dine-in customers. Delivers large catered affairs to various social, athletic, and Portuguese clubs, take-out extremely busy 6 days a week. Dinner Friday/Saturday 125 count each evening. All fixtures new! Kitchen well equipped has a very large smoker pit unit that was recently installed $40,000 – free municipal public parking (150) at rear of building where there is garden style outside seating for 60-70. Owner wants to get out at the peak of his growing business. Any new buyer can negotiate for a new lease. Minimum of 10 years plus as many options available. New rental increase on inexpensive present lease would be close to $700 per month. Owners family members who do not wish to stay are the bulk of the payroll and are highly overpaid. Place has shown volume increase every year since it started 7 years ago. For further information please contact Vito Mastromonaco at 908-851-9040 Ext. 285.
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| Year
Business was Established: 2006 |
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| Number of Employees:
10 |
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| Facilities / Terms of Lease:
2,400 sq. ft. facility, seats 75 comfortably. All equipment 7 years old. New smoker barbeque pit cost $45,000. Over 100 car parking in a free municipal lot at back of building – has outside seating in the rear for 70 guests. All equipment like new, very inexpensive rent. |
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| Potential
Growth/Expansion:
This business has been going up every year since it has been opened 7 years ago. Regular customer count keeps growing with this well presented dinner presentation. All food is terrific, best advertisement any restaurant can have. |
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| Competition:
This BBQ is the place is the place to go for dinner, pick-up or have a catered delivery. Tops in all categories. |
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| Owner
willing to finance:
$150,000 down with a balance of $290,000 financing for 5 years at 5% interest |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Owner who has other interests, wants to retire |
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| REQUEST MORE INFO |
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