2 Locations - Open Pit BBQ & Rotisserie Restaurant Chain
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 |
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.
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