Listing ID: 6557

Business Overview

Landmark BBQ restaurant for sale located in a college town in Alabama. This restaurant has been a favorite go to business for locals and visitors alike since 2001. The business has been awarded Best Ribs, Best BBQ, and Best Catering in the latest edition of Readers Choice sponsored by the local news outlet. The restaurant also has the highest rating from Trip Advisor for the area of location. This is a relaxed easy going establishment with serious food selections. This is a turnkey operation for someone new to the industry or somone looking to continue a proven brand.

Financial

  • Asking Price: $479,000
  • Cash Flow: $131,000
  • Gross Revenue: $991,000
  • EBITDA: $
  • FF&E: $130,000
  • Inventory: $2,000
  • Inventory Included: N/A
  • Established: 2001

Detailed Information

  • Building Square Footage:3,000 Sq Ft
  • Furniture, Fixtures and Equipment:$130,000
About The Facility:

The facilities have been maintained and all equipment is in working condition. The approximate size of the facility is 3500 sq. ft. and the seating area is for 75 customers. Parking is very adequate and can park up to 40 cars and trucks. The building is leased and is transferable and re-negotiable in five year increments.

Is Support & Training Included:

The current owner or manager will support and train a new owner for two weeks after closing. All handbooks and manuals will be turned over and reviewed by owner with the hew owner.

Purpose For Selling:

Health Reasons

Pros and Cons:

The business is in a prime location and has been consistently operating since 2001. The location is blocks from the football stadium and only one block from the downtown business district. The restaurant was rated the highest in it's category by Trip Advisor.

Contact Information

Addition Info

The business was started in 2001, making the business 19 years old.
The deal will include inventory valued at $2,000, which is included in the suggested price.

Further more, Furniture, fixtures and equipment valued at $130,000 is included in the listing price.
The company has 6 employees and resides in a building with estimated square footage of 3,000 sq ft.
The property is leased by the company for $6,223 /Month

3 Things to Consider When Researching operating businesses for sale in Alabama

Buying a company is one of the biggest decisions you will make in your life time. Choosing wisely can result in tremendous monetary advantages for you, your loved ones, and also your retirement. However, in order to make a proper decision, you need to take into consideration numerous things.|In order to make a correct choice, you need to consider a number of things.} Below are 3 important things to think about prior to purchasing a business in Alabama.

Why is the Current Owner Selling The Business?

{There are all sorts of reasons people resolve to sell companies. Nevertheless, the genuine factor and the one they say to you may be 2 completely different things. As an example, they might say "I have too many various responsibilities" or "I am retiring". For many sellers, these reasons stand. However, for some, these may just be justifications to attempt to conceal the reality of transforming demographics, increased competition, current decrease in revenues, or a variety of other reasons. This is why it is really crucial that you not count totally on a vendor's word, but rather, make use of the vendor's response along with your total due diligence. This will repaint an extra realistic picture of the business's existing situation.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans with the purpose of covering points such as stock, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that profit margins are too tight. Lots of organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that have to be met or may cause fines if canceled early.

Understand the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the Alabama area attract brand-new consumers? Often times, businesses have repeat customers, which form the core of their daily revenues. Particular elements such as new competition growing up around the area, roadway building, and also employee turn over can affect repeat clients and negatively influence future incomes. One vital point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the better the possibility to develop a returning customer base. A final thought is the basic location demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? How might the regional median family income influence future income potential?