Popular & Profitable Downtown BBQ Restaurant & Bar
Gross Revenue: | $1,429,000 |
Established Year: | 2014 |
EBITDA: | $250,000 |
Profitable Downtown Restaurant in Popular Michigan Community
Business Summary
Attention BBQ lovers!
Attention BBQ enthusiasts! This beloved local institution in the charming upscale downtown community is smokin' hot and ready for a new owner. For over nine years, they've been slayin' the competition with their award-winning ribs, pulled pork, brisket, and all the fixins. Now's your chance to grab the reins and continue the BBQ legacy!
Here's why this opportunity is smokin':
• Prime location: Nestled in the heart of downtown, this restaurant enjoys a steady stream of hungry customers.
• Proven track record: Nine years of success have built a loyal following and a reputation for top-notch BBQ.
• Award-winning recipes: Their slow-cooked meats and homemade sides have critics and customers raving.
• Turnkey operation: Smokers, grills, furniture, equipment - everything's ready to go!
• Endless possibilities: Expand the menu, add outdoor seating, open a second location - the sky's the limit!
If you're passionate about BBQ and have a dream of owning your own business, this is the opportunity you've been waiting for.
Here are some additional details:
• Asking price: Contact Rob Anderson at 616.710.0021
• Reason for selling: New Business Opportunity
• Lease Terms: Assumption of current lease in place $4,000/monthly
• Employees: 10-12
Don't miss out on your chance to own a piece of this historic history!
Key Business Information
• Gross Sales Revenue 2022: $1,429,000/ SDE $250,000
• Year Established: 1981
• Renovations: Extensive remodeling completed, and further updates continued.
• Upgrades Investment: Over $600,000 invested in upgrades.
• Employee Wages: Salaries range from $600-$800 for managers; hourly wages for other employees start at minimum wage.
• Transition of Personnel: Current employees are willing to transition to new ownership; current owners are committed to supporting and training new owners.
• Advertising: Utilizes a multi-channel approach, including local newspapers, the internet, referrals, billboards, radio, television, and social media
• Food and Beverage Pricing: Determined based on costs and market competitiveness.
• The facility has a long-term lease, and high-traffic location.
Investment Highlights
• Prime location in beautiful higher income downtown area
• Affluent customer base
• Loyal, long-term staff
• Upgraded facilities, upgraded in 2014, with continued upgrades.
• High-Quality Foods & Service
• Owners have consistently reinvested profits back into the business for new equipment and upgrades.
Growth Opportunities
• Venue and Convention Events for corporate parties.
• Increase Marketing.
• Expand Menu
• Expand Hours and open during Lunch.
Support & Training: The owner will assist with the transition for an entire season following the sale.
Reason for Selling: Focus on other business holdings.