Prime Location Franchise BBQ in High Income Neighborhood

, Texas 3 views 0 favorites

Financial Highlights
Asking Price
$129,000
Revenue
$572,685
Business Description

Prime location American BBQ franchise restaurant occupying the end-cap space of a high-visibility retail strip center in Northeast Dallas is available for acquisition. This business was originally established over a decade ago in 2005 and was later acquired in 2015 by the current owner of the business. Most of the customers are middle-class individuals and employees from the surrounding mix of retail, residential, medical, and commercial buildings that bring an immense flow of traffic to the area. Net sales average has been $500K to 550K/year for the most recent year that has been very steady over the last several years of operation due to the optimal location and some marketing done by corporate. Although corporate marketing is consistently in place, other proactive marketing methods need to be utilized in the local area for this business to maximize income potential and acquire more customers from untapped areas within the city. Competition is usually expected for franchise businesses such as this business, but there are no competitors within the immediate market area that competes in the same industry as this business. There are many ways to proactively market this business such as direct mailing, delivery service, 3rd party delivery services, social media outlets, door hangers, lunch specials and hiring management to operate the business. Placing a manager within the business while the owner is less involved will allow the owner to focus on the back-office work and grow the marketing done in the local area to grow the business. Utilization of the location is crucial to the consistent growth as there's a nationwide grocery chain that anchors this business with consistent pedestrian traffic. This franchise restaurant has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation. Listing ID #001015 For more info, please call Moon Kim at 1-866-519-2421. Location: Rockwall County, Texas Year Established: 2005 Number of Employees: 2FT/4PT Franchise: Yes Facilities: This business is located in a 2,706 SF retail strip center surrounded by many retail businesses and densely populated residential neighborhoods. All equipment is in impeccable condition and in working order. Market Outlook/ Competition: There are no competitors within the immediate market area of this business. Growth & Expansion: No marketing is done locally, but corporate ADs provide minimal marketing. More proactive marketing is highly needed to grow the business. Catering business used to be a good profit center for previous owners - lacking area of current owner. New owner will have to put marketing efforts into catering to regain tremendous profit generated by catering sales.

Business Details
Industry:
Restaurants & Food
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 18, 2022

Updated: 2 weeks ago

Views: 3

Favorites: 0