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BBQ Restaurant

  • Status: Available
  • Price: $174,000

Jim Hole

License No:
DRE #01224132
Email:
jim@lbaweb.com
Office:
916-495-2638
Mobile:
916-607-7490
  • Listing No: 4110
  • Status: Available
  • Area: El Dorado County
  • Price: $174,000

Description

This is a SBA Loan pre-qualified for 15-20% down

Making Net $70,000/Y

Well established business since 1992. This is a 1,800 sq ft. Restaurant that can sets 50 x guests inside the dinning room. The Restaurant is open Wed- Sun and serves Fresh, High Quality, Mouth watering Authentic Texas BBQ for dine-In and Take-out and Catering. There are 3 x full Time employees who help the owner to run the place. Rent is $3,277 a month with 5 x years lease. Seller claims his Gross Annual Sale is about $743,000 and he also claims his yearly Net Income is about $70,000.

Business Information

Ownership Type: Corporation
Year Established: 1992
Year Purchased: 1992
Business Type: BBQ Restaurant
License(s) Required: Business, Health, ABC
Hours of Operation: Wed-Sun
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 4110
Date Available: 03/25/2022
Reason For Sale: Retiring

Financial Information

Annual Total:
743,000
Revenue:
Annual Net Income:
70,000
Inventory:
Monthly Payroll:

Lease Information

Base Rent:
3,277/m
Lease Expires:
2027
Lease Option:
NNN:

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

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