Very Successful BBQ Restaurant w/ 2 Locations in Abilene Texas!

Abilene, TX

Seller Financing Available

Asking Price:	$4,985,000
Inventory:	$75,000
FF&E:	$250,000
Established Year:	1981

Gross Revenue:	$3,000,000
EBITDA:	$400,000
Real Estate:	$4,070,000

Listing ID: 2317169Listing provided by BizBuySell

BUSINESS DESCRIPTION

This is a 45 year old established, successful BBQ Restaurant located in Abilene with two locations. The current Owners are ready for retirement and desire to sell the Real Estate of both locations along with the business.
This restaurant won 2023 SBA Small Business of the Year and has also been voted top 50 BBQ Restaurants in the state of Texas by Texas Monthly Magazine!
Abilene is know for great BBQ and this business is an Abilene landmark!
Both locations also feature large patios. One location has a full bar with beer and wine served in the second location as well.
While BBQ is the staple, the restaurants have diversified the offerings and menus to position themselves as a hot-spot for local food, fun and entertainment: steak nights, steak caterings, seafood boils, all-day concerts, live music, patios, and a full service bar have all made these two restaurants a unique and special place in Abilene! These restaurants are deeply-embedded in the food and entertainment culture of Abilene Texas!
This is a wonderful opportunity to own two established BBQ restaurants with a solid customer base and own the Real Estate of both locations as well!
The Real Estate for both locations has been recently appraised at $4,070,000.
The Owners want to sell both the business and Real Estate together.
The company recorded $2.9-$3M in annual revenue for the last three years; 2022, 2023, 2024.

DETAILED INFORMATION

Location

Abilene, TX

Inventory

Included in asking price

Real Estate

Owned

Included in asking price

Building SF

9,000

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

There are two locations: 1. North location is a free standing building built in 2016 that serves beer and wine and is about 4000 sf. The rent paid is $5500 per month. 2. South location is a free standing building built in 2017 that serves beer, wine and alcohol and is about 4900 sf. The rent paid is $12K per month.

Competition

Abilene is a growing city with a growing area around the city as well. While there are other BBQ establishments, these two particular restaurants are VERY WELL KNOW IN THE COMMUNITY and surrounding area.

Growth & Expansion

The natural growth would be to add other locations both in Abilene and other cities such as San Angelo, Lubbock, Midland and Odessa. The name brand of this company is really well known in this part of Texas and would travel well to other surrounding towns.

Financing

A small seller note (up to 10%) is negotiable

Support & Training

The Owners are willing to stay for up to 90 days included in the sale price of the business and after 90 days are willing to stay in a consultive role for a negotiated amount.

Reason for Selling

Retirement

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