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Two Established Bbq Restaurants & Steakhouse
Location: United States -> Alabama
Industry: Franchises > Food and Beverages




Business Summary

*************REDUCED PRICE****************

Two well established full Service BBQ Restaurants located in Central Alabama under an established franchisor with high growth potential and excellent visibility for higher end retail traffic.

The company also has an established fast casual steakhouse restaurant located in the same area that is consistently improving its metrics each year. Revenues are fairly consistent with consistent higher trending revenues year over year in each location. Gross revenues are mainly supported through the following:
Dine in 55%
Take out 35%
Catering 10%

Locations have competent staff that can be run absentee or under full time ownership.
NNN Rest A/B: 4800 SQ FEET AND Rest C= 32OO SQ FEET

Rest A/B expires 3/13/29 with three five year options at market rate.
rent and cam schedule available upon request.

year one 4800 sq feet @ $15 per foot. first year 3/19/19-3/31/22
each year increases $.50 per foot each year and cam is $3.49 per foot each year.

Rest C expires 4/30/22 with two 5 year options
1) 5/22-4/27 rent goes to $3193 inclusive.
2) 5/27-4/32 rent goes to 3289.00


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,301,773
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2017
Number of Employees:  20 - 34
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  4 weeks
Reason For Selling:  other interests

Photos

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Two Established Bbq Restaurants & Steakhouse Photo 1




Print Listing Id: 700364498
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Related Searches: Food and Beverages  >  Retail  >  Service  >  Other Franchises  > 

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



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