2 Locations - Open Pit BBQ & Rotisserie Restaurant Chain

Ewing, NJ
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Asking Price:$1,600,000
Gross Revenue:$2,141,660
Rent:$61,083/Month
FF&E:$482,858
Cash Flow:$271,148
Inventory:$2,000
EBITDA:$164,148
Established Year:2019
BUSINESS DESCRIPTION

This is a Business Sale of a 2 location Fast Casual BBQ and Rotisserie Restaurant chain, with locations in Ewing and Flemington, NJ This chain is selling all 2 fully turnkey restaurants that fully equipped, fully staffed and currently open and operating. These fast casual restaurant, feature a 16' Open Pit, Charcoal Fired BBQ Pits with Rotisserie fitted grills, multi food fryers, range/stoves and flattop grills, all under a 20' ventilated hood system. The kitchens are designed for multi-method grilling and cooking of chicken, beef and pork preparations. The sale includes all existing Business Name, Business Operation Rights, Intellectual Property (Secret Recipes, Menus, Methods and Processes), Leasehold Improvements, Furniture, Fixtures, Equipment, Storage Units, Freezer/Refrigeration Units. Public utility services and fully inspected and licensed kitchens are in place. Dine-In seating for up to 50 patrons. The new buyer will take assignment of the existing lease and negotiate a new lease extension with the landlord, as needed. Current owner willing to transfer, train and educate the new owner on restaurant operations and brand specific recipes, sauces and preparation processes for their famous Hawaiian & Portuguese BBQ dishes, and work with the new owner to operate the current restaurant business model, after Settlement.

Current business is an operating Hawaiian Style Charcoal Pit BBQ & Grill Restaurant located in regional strip shopping centers in the Ewing and Flemington New Jersey markets. The restaurants are currently being operated by the original owner, with the first store opening in 2019. The restaurants were all uplifted and building with fully equipped interior, open pit charcoal BBQ grills and rotiserier units, 20' ventilation hoods systems, dual walk-in freezers and refrigerators and serve Hawaiian and Portuguese Style BBQ beef, chicken and pork dishes, deli sandwiches and side orders to compliment the main dish. All original ingredients, recipes and process are included in the asset. The businesses all operate with Fast Casual Dine-In, Pickup and Delivery Services and have a very strong Catering Menu with considerable upside in revenue by expanding the Private Event and Office Catering demand. Each location benefits from exceptional real estate locations and are prominently located on key main street retail corridors, easy street access and with ample customer and delivery service parking options. 2 of the stores (Ewing and Middlesex) are located in large, multi-anchored power centers that attract significant customer traffic. All locations are leased properties with all leases assignable and with extension options available.


ATTACHED DOCUMENTS
Pork Chop's BBQ Prototype Layout.pdf Download

DETAILED INFORMATION
Location
Ewing, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,963
Lease Expiration
01/10/2028
Employees
16
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
* Full Service Delivery, Countertop Pickup/Take-out or Table SeatingDine-in Fast Casual Restaurant environment. * Located in an anchored, Regional Shopping center with several large traffic generating anchors. * Modern, clean and attractive restaurant environment with expansive kitchen and food prep areas will allow considerable food preparation and order volume and support a large staff of cooks and food prep staff. * Active accounts with major delivery services. * Fully equipped Fast Casual restaurant, with interior Charcoal Pit BBQ Fire Pit
Competition
3 open and operating Hawaiian Style Charcoal Pit BBQ & Grill Restaurants located with regional retail strip centers in Ewing, Flemington and Middlesex New Jersey The restaurants are currently being operated by the original owner, with the first store and opened for business 2019. The restaurants is a fully equipped for conversion to a multi-national BBQ and Grill serving chicken, meat and pork in hot and cold meals and sandwiches.
Growth & Expansion
Attracting a wide 20 minute Drive Time Trading Area of customers with very high Fast Food, Delivery and Take-Out Demand, the potential for growth in this restaurant sector is significant. BBQ and Charcoal Pit BBQ is extremely popular in the New Jersey markets and the Demand far exceeds the Supply of fast casual type restaurants.
Support & Training
Current owner is willing to train and orient the new owner for up to 2 weeks on the general preparation of BBQ prepared food and related side dishes.
Reason for Selling
Owner is relocating out of the area and is unable to oversee the operations.
Franchise
This business is an established franchise
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Mark
Mueller
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Mark Mueller