An Iconic and famous family style BBQ & steakhouse for 26+ years! Prides itself in serving high volume and large regular customer base, that is a dream for any successful restaurateur. A very well-established operation with some staff members who have been there from the beginning. Known for slow smoked pork butts & beef brisket for 14 hours every night & hand cut steaks by in-house butcher. All vegetables from the local farmers market, everything prepared from scratch. Full-service bar (SRX), banquet room for 80 guests, outside seating on screen porch & 300 seats inside. Great books & records and huge potential of continuing growth. Turn-key with great management in place. SBA Lender approved with generous Seller financing, growing sales with increased Net via newly implemented expense control and only $160K down = This will go fast so email me TODAY for an NDA! Thank you!
- Asking Price:
- $1,222,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $3,502,235
- Cash Flow:
- $555,605
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Type of Location Restaurant
Monthly Rent $17,320.00
Square Units (Foot, Meter) 8,968
Lease Expiration Date August 31, 2031
- Leasehold Rent:
-
$17,320 per annum
- Location:
-
Type of Location: Restaurant
- Size in square feet:
- 8,968
Business Operation
- Reasons for selling:
-
Other Business Interests
- Trading hours:
-
Sun-Thur 11A-10P; Fri-Sat 11A-11P
- Employees:
- 64
- Years established:
- 26
Other Information
- Support & training:
-
Will train for 3 weeks @ no cost.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Owner Financing Terms $200,000.00
Owner Financing Interest 6%
Owner Financing Terms Months 120
Other Financing Amount $892,000.00
Other Financing Interest 9%
Other Financing Term Months 120
- Furniture / Fixtures value:
- $587,382 - included in the asking price
- Inventory / Stock value:
- $29,000 - included in the asking price
