S408 – Growing North Houston BBQ – Price Redu

Growing North Houston BBQ – Price Reduced

Location

City Houston
State TX
County Harris

Financial Information

Asking Price $199,900 Show Loan Calculator
Down Payment
Annual Receipts $887,000 (2014)
Cash Flow $90,000 (2014)

General Information

Description Health issues require this great store be sold. Located just north of Houston this franchise BBQ restaurant is minutes away from a new corporate headquarters complex. Sales have been steadily growing and the store just opened a new satellite location at a special events center that has already raised revenue by $10,000/month with only a small increase general expenses. Catering represented about 24% of revenue in 2014 and has been growing steadily. A delivery van for catering is included with the assets. Corporate and residential growth in this area of North Houston is Top 5 in the USA. The owner opened the store with a long-term commitment to its growth, but changes in health and doctors orders require the business be sold. The franchisor is the leader in its sector and has over 400 restaurants across the nation. The Buyer will need to be approved by the Franchisor who will also provide comprehensive training, the cost of which is covered by the transfer fee. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. For more information contact Frank Duringer at 210-348-8989 or info@bbofsa.com.
Reason For Sale Health Issues
Franchise Yes
Home Based No
Relocatable No
Year Established
Year Acquired
Employees 2 FT 11 PT

Building Information

Building Sq. Footage 2,700 sq ft
Monthly Rent $6,132 /mo.
Real Estate Available No

Contact Business Brokers of San Antonio for more information.