Turnkey Successful BBQ Restaurant For Sale - Price Reduced by $10,000

Lexington, VA

Asking Price:	$110,000
Gross Revenue:	$400,000
Rent:	$2,200/Month
FF&E:	$95,000

Cash Flow:	$47,750
Inventory:	$2,500
EBITDA:	$16,250
Established Year:	2010

Listing ID: 2235933Listing provided by BizBuySell

BUSINESS DESCRIPTION

New Reduced List Price = $110,000

Foothill Momma's BBQ is a full-service Restaurant that currently operates from 11:00am - 7:00pm M, W, Th, F, S and on Sundays from 11:00am - 3:00pm (Closed on Tuesdays). All kitchen Equipment, Dining Room furnishings, and complete "Kitchen Bible" with all current Menu Recipes and instructions plus numerous specials, are included with sale of the Business. A detailed List of all assets and supplies will be provided along with full financial disclosure upon signing of a confidential Non-Disclosure Agreement by qualified prospective Buyers.

DETAILED INFORMATION

Location

Relocatable

Inventory

Included in asking price

Real Estate

Leased

Building SF

1,600

Lease Expiration

31/12/2027

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

The Restaurant has been located in 1600 sq. ft. of space that is leased in an attractive strip mall on Midland Trail (Route 60) in Lexington, about 1.8 miles from Interstate 81. Approximately half of this space is composed of the Dining Room with Bar and 2 Restrooms, having a seating capacity for 39 customers. The rest of the space is occupied by an organized commercial kitchen with a full complement of equipment and small office.

Competition

Foothill Momma's BBQ has a strong Reputation as portrayed by highly rated Reviews on Yelp, Facebook, Trip Advisor, Google, etc. and many repeat Customers. Recently purchased Signage for Exit 188-B on Interstate 81 along with the recently announced adjacent WaWa development will generate even more Customers in the future. There are currently No Direct Competitors with similar Food offerings in the general area.

Growth & Expansion

There is significant opportunity for Growth in Revenue at the Restaurant from increased traffic from Interstate 81 and also the Potential for more Business by offering BBQ Catering services for off-site Events. (Included in the Sale is a Box Panel Truck and most of the Equipment/Supplies needed for this ancillary Business).

Financing

Prospective Buyers Must Provide Evidence of Financing Source of Funds for Acquisition

Support & Training

Buyer of the Restaurant will receive Free Support and Training from the Seller and remaining Employees to insure Smooth Transition during the Change in Ownership.

Reason for Selling

Relocation Closer to Husband's Employment

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