Absentee Ran BBQ Restaurant NW Metro Atlanta, 700 + Reviews 4.3 Stars

Marietta, GA
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Asking Price:$450,000
Gross Revenue:$1,100,000
FF&E:$150,000
Cash Flow:$200,000
Inventory:$5,000
Established Year:2017
BUSINESS DESCRIPTION

Financials
Sale Price: $450,000
FFE: $150,000
Rent: $5,000/Mo
Cash Flow: $200,000
Gross Rev: $1,100,000

General Information
Year established 2017
The current owners have owned since it opened
8 Employees
Can sit 75 people at a time
8 4 person tables, 7 2 person tables, 7 barstools, patio with 3 tables that sit 4
Business hours?tues-sat 11am-9pm Sun 12pm-8pm Mon closed
Building is 2,800 SF with a porch
Make around $70,000 a year from catering

Open to seller financing with 50% down at closing
Strengths of the business: old school bbq pit smokin, Unique seasoning and sauces, free standing building, At a traffic light, lot of visibility.
Weaknesses of Business: Owner could be more involved and they could focus more on Marketing
Reason For selling: Retirement


DETAILED INFORMATION
Location
Marietta, GA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,800
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Stand Alone Building
Competition
Some, but this is well established with good reviews.
Growth & Expansion
The right owner could easily grow this business or a owner operator could take advantage of more money by working in the restaurant.
Financing
Possible owner financing with 50% Down for qualified buyer or bank financing.
Support & Training
As needed, this is a absentee with a management team in place that you can just run and let it manage itself.
Reason for Selling
Retirement
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Will King