Profitable SE Michigan Barbecue Joint

Undisclosed Address, Novi, MI
Business Opportunity for Sale
Catylist Listing ID: 30327121
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $229,900
Name of Establishment: undisclosed
Gross Revenue: $689,000 (Annual)
Cash Flow: $91,000 (Annual)
Last Updated: 10/2/2018

Overview / Comments

Since its founding in 2017, the Company has been offering customers a menu full of Texas-style slow-smoked barbeque. The Restaurant has several revenue streams and a large online following that make it a great acquisition opportunity. The Company is turn-key with managers in place who handle much of the Restaurant’s daily operations.

The Restaurant has been able to achieve substantial organic growth since being founded in early 2017. While young, the Company has a growing customer base that continues to revisit due to the Restaurant’s delicious menu options. The Company has significant room for growth as it continues to establish itself in the area.

The owner is seeking to transition the Company to new ownership due to health issues. He is willing to provide assistance to a new owner through a reasonable transition period.

Opportunities For Growth:

(1) Direct Delivery
(2) Community Marketing
(3) Menu Enhancements

Investment Highlights:

(1) Well-Established and Award-Winning Franchise: The Company belongs to a network of franchises that is well-established and known for their excellent quality of food and service.
(2) Convenient Location for Organic Growth: The Company has yet to reach its full potential within its current geographic area, meaning it is primed for organic growth without significant investment needed from a new owner.
(3) Six High-Value Revenue Streams: The Restaurant has six streams of revenue compared to two for the typical restaurant, providing it with a way to serve its customers through dine-in, take-out, catering, and more.
(4) Limited Owner Involvement – Two managers run the day-to-day operations making it so that the present owner does not have to be involved more than general oversight on a part-time basis.

Real Estate Available: For Lease

Reason For Sale:

The owner is other business interests.

Number of Employees: 13

Additional Details

Industry Segment: Restaurants
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $25,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,350 70,985 178,414
Median Age: 37.61 40.33 41.5
Households: 2,064 29,067 73,866
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