Extremely Profitable Chicken and BBQ Restaurant for sale

1599

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