Details - Information last confirmed on August 24, 2020
Growing, Profitable, and Highly Upgraded / Like-New BBQ Restaurant in Excellent Family and Corporate-friendly Orange County, CA Location
While current owner has been successful and profitable, there is tremendous growth opportunity in years to come as shown by year over year growth of almost 30% over past 6 months!
Based on last 6 months Profit and Loss, annualized revenue is over $865,000 and Seller's Discretionary Income is over $101,000!
Research shows that fast-casual restaurants will grow by 7.5% this year. This is an exciting opportunity to become part of growing market!
The restaurant prides itself on authenticity, innovation and mouthwatering hickory-smoked barbecue. Open for less than 2 years, and currently performing at double digit year over year growth, current owner spared no expense:
• Large, modern and stylish dining room is spotless
• Upgraded hickory pit smoker (that smokes using REAL WOOD!) delivers pinnacle of barbecue flavor
• Upgraded commercial range in kitchen allows this location to offer unique dishes and service recurring large catering orders from nearby Corporate headquarter customers
• Beer and Wine license
• Successful social media and local advertising campaigns
• Great lease (assignable to new owners)
• Active or semi-passive ownership model
Family and Corporate friendly location lends itself to both lunch and dinner crowds. Located in an affluent (and growing!) Orange County community, the high-traffic location has great signage, parking and plenty of walk-in traffic from neighboring businesses in prime shopping center, including only grocery store within 3-mile radius. The prime location attracts the lunch crowd from nearby Corporate headquarters, as well as young families needing fast and fresh dinner while trying to work/life balance!
Current owner is moving to east coast, excellent opportunity to own turn-key and profitable restaurant!
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.