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Popular Fast Food BBQ Restaurant
Location: United States -> New Jersey -> Essex County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Popular fast food BBQ restaurant located in Northern New Jersey and in the county of Essex. The business has a gross income of $356,378 and a consistent yearly net income to the owner operator. The owner is relocating and retiring from the food industry. This restaurant consists of a 50-seat counter service restaurant in a highly active urban city honoring the uniquely American tradition of crafting pit smoked barbecue. Barbecue is religion to many Americans; wherever you're from and they create their own style of ‘cue that melds the tradition of wood fire cooking with responsible farming and flavor profiles. This industry does not require government licensing approval to purchase or operate other than the municipal food license. This company has four full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $5,850.

The business has an assignable commercial lease which expires 2025-01-01, plus additional options, with a monthly rent of $4,850 all in, cost per square foot is estimated at $23.28, and rent security of approximately $7,500. The business is in a free stranding commercial facility, on an active county road, consists of approximately 2,500 square feet and has an estimated capacity for fifty customers. The business fixed assets has an estimated value of approximately $85,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped commercial Restaurant which includes a commercial BBQ kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, web site, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. This successful restaurant business operation is active seven days ...


Financials

Asking Price Range:  < $250K
Gross Revenues:   $356,378
Cash Flow:   $48,236
Cash Flow Type:  EBITDA
Inventory:  $85,000
Seller Financing:  Yes

About The Business

Year Established:  2009
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.
Reason For Selling:  The sale is due to the owner is relocating out of the state of New Jersey.




Print Listing Id: 700286321
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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