Two Established BBQ Restaurants & Steakhouse For Sale

, Alabama 50 views 0 favorites

Financial Highlights
Asking Price
$400,000
Revenue
$1,301,773
Business Description

*************DISTRESSED SITUATION**************** WILLING TO DISCUSS BEST OFFER 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. 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 Location: Alabama Year Established: 2017 Number of Employees: 31 Franchise: Yes

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

Listed: Apr 19, 2022

Updated: 3 days ago

Views: 50

Favorites: 0