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Businesses for Sale: Listing Details

 
PALM BAY FAMILY STYLE BBQ RESTAURANT
Seller: Attn: Dale Armor, CBI
Location: Palm Bay, FL, USA
Listing Number: "17006062 "


Asking Price: $$99,000 USD USA Dollars
Industry: Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling: Multi unit owner down sizing
Year Established: 1994
Number of Employees: 10 Full Time / 10 Part Time
Yearly Cash Flow: $$29,813
Yearly Gross Income: $$838,923

Overview:
Absentee owner just reduced the price on this popular 156 seat family style BBQ restaurant with a C20P beer and wine license has been established for since 1994. The dining experience is set in the tradition of the South's great hometown BBQ shacks but with significantly better ambiance. Buyer must qualify with Franchise and pay $7500 transfer fee. Lower than average royalties are just 3% with an additional 1% for advertising. Manager's salary has been added back for owner operator.

Property Features and Assets:
Lease per Month: $7,227. Square Footage: 4,200. Building Type: Stand Alone. Terms & Options: 2 five year options. Expiration Date: 12/31/2010. Furniture and Fixtures Value: $170,000 (included in the asking price) Inventory Value: $6,500 (not included in the asking price)

Additional Details:

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