887 Buyers Online Now
Buy Business Sell Business Business Brokers My Account
Photos Website Map
Asking Price$395,666
Revenue$1,300,000 Established1988
Cash Flow$213,000 Employees20 full-time
FF&E$153,000* FranchiseYes
Inventory$6,777* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Profitable Chicken and Bar-B-Que Business For Sale
Kay County, OK
Seller Financing Available
Asking Price: $395,000

Cash Flow: $200,000

Gross Revenue: $1,300,000
EBITDA: $200,000
FF&E: $153,000
Inventory: $8,000
Lease Rate: $4,600 /Month
Established: 1983
Business Description
As one of Oklahoma's leading chicken and Bar-B -Que restaurants since 1983, this lucrative business is absolutely priced to sell! Gross sales total an amazing 1.3 million while the owner benefit is $200,000. Because the owners, who have been part of this successful, family-owned franchise since 1983 are most anxious to retire, they have set an asking price of $395,000. Obviously, a prospective buyer must be approved by the corporation , and the present owners would prefer that the business be purchased by a married couple. Asking for 25% cash down, the sellers desire an owner/ operator arrangement; a prospective buyer must be credit worthy for land lease application. Also, 10K is to be earmarked for the franchise agreement sign-up fee.
A free-standing building that is located in a shopping center with excellent traffic, the dine-in and carry-out restaurant is 3,200 square feet with a drive thru and catering service for up to 500 people. Lease terms for the building are $4,600 per month. Daily specials are offered, and the restaurant is closed on Sundays and ALL major holidays. Inventory value totals $153,00; inclusive in that amount are smokers which can accommodate 600 lbs. of meat and are state-of-the-art. Fixtures, furniture and equipment will also be included in the sale. Moreover, the present owners are willing to stay on and train new owners for 30 days; however, if needed, they are open to assist in a consulting capacity beyond the 30 day period. Additionally, the 8 full-time employees and 14 part-time employees may be helpful in the transition from one owner to the next.
Inquire immediately for additional information regarding this highly successful restaurant that has been proudly family-owned and operated for over 30 years--- truly a rare and extremely affordable opportunity!
Detailed Information
Ad #103098
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Jim Baker
Matchmaker Business Inc.
3216132393
Name
Email Address
Message