Two Nationwide Franchise Bbq Restaurants
www.GlobalBX.com
Listing ID:
700341008
Listing Title:
Two Nationwide Franchise Bbq Restaurants
Quick Link:
http://www.globalbx.com/listing.asp?bId=341008
Industry:
Food and Beverage
Industry Segment:
Other Food and Beverage
Country:
United States
State / Province:
Texas
Area
City:
Denton County
Asking Price Range:
$1.0M - $2.5M
Gross Revenues:
$1,662,860
Cash Flow:
$416,292
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2008
Number of Employees:
10 - 19
Business Description:
Two prime location franchise BBQ restaurants with high volume sales are available for acquisition. This business was first established by the current owner of the business in 2008 and later in 2013 the second location beside the tollway was established. The location of this business is in one-of-the-best areas for customer acquisition as there's an upscale mall nearby the first location and various schools that is nearby the second location that has many students with ample amounts of disposable income. Most of the customers are various professional workers from the nearby nationwide retailers that come during lunch hours and high-income families in dinner hours that are from the neighborhoods within this middle-high class area. Net sales average was $1,700,000 - $1,750,000/year in the last few years of operation that has been consistent each year with a slight increase in 2016. Owner involvement is critical to the business generating more revenue since the current owner doesn't have enough time to allocate towards proactive marketing. Corporate ADs along with word of mouth provides an ample amount of customer acquisition, but these businesses can't achieve full capacity without proactive local marketing from the owner. Various local marketing tactics can be used to increase sales such as direct mailing, delivery service, catering, student discounts, and social media marketing on numerous online outlets. Their menu consists of many items that range from various types of BBQ meats, sandwiches, salads, side dishes, and desserts that are made from scratch. The franchise was built upon their first business model of a buffet-style restaurant and later added the option of fast casual style in the last few years, but the first location still has the original buffet-style model that accommodates towards high volume sales and customer dense locations. On the contrary, the second location is the fast casual style that is perfect for the tremendous traffic that the tollway...
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