Established in 1996 this busy BBQ, Quick Service style restaurant is a pure dream in simplicity. 540 sq ft of free standing building with 2nd floor Deck and additional 1,000 sq ft of storage housing hot/cold boxes, tables, food trays and disposable containers mainly for large Catering events. Located just 2 miles from the beach at a busy crossroads with excellent viability and curb appeal. Annual revenues exceed $1million these past 4 consecutive years with 'To Go' and 'Delivery' being a major component, while adding Catering would grow this business even further. Seller is also the landlord and has owned the business since 1996 but now wishes to retire after 26 years.
A new lease will be drawn with approximate monthly rent of $8,000 with no NNN. This is negotiable and Sellers expect a 5-year initial term lease with a 5-year option and a landlord Buyout clause.
The pandemic hit the Catering side of the business nationwide for a couple of years but now inquiries are returning with large future parties now being confirmed.
This business is capable of preparing food for 1000 guests and has Equipment which includes but not limited to an 8ft x 4 ft charcoal BBQ, 2 mobile BBQ units with a further static BBQ unit, Montague 6 burner and flattop with double ovens, double basket deep fryer, large steam table, 3 x lowboys, double door upright fridge, two 12'x 8' walk-in's, 1 a fridge the other a freezer, 12ft counter with POS system, 40 seats inside and outdoors with parking for 14 vehicles. There is a 2018 fully fitted Catering van with only 10,000 miles sold separately by negotiation.
Sellers are willing to carry a long term note for a substantial portion of the sale but only for well qualified, experienced Buyers with good financials and many years of restaurant experience. This is an excellent opportunity for a first time Buyer looking to own their very own, simple to operate and high-volume BBQ restaurant and Catering operation. 14 experienced long-term employees run most of the day to day with opening hours between 10.30am - 8pm daily.
To receive more information and discuss this opportunity with the broker, please complete the 'Non-Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with annual sales revenue information & a comprehensive list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
- Current Owner1996
- Reason For SaleRetirement
- Seating6 Indoors + 25
- Square Feet540 QSR + 1,000 Deck and Storage
- Parking14 + Street
- LicensesHealth and Business
- Open Hours10.30am - 8.00pm Daily
- Rent8,000 - New Lease Negotiable
- ExpirationNew Lease Negotiable
- Yearly Increase3%
- OptionNew Lease Negotiable
- DepositNew Lease Negotiable
- Monthly Revenue$86,674
- Monthly Cash FlowContact for Info
- Annual Revenue$1,040,092
- Annual Cash FlowContact for Info
- PayrollContact for Info
- Down PaymentContact For Info
- Note BalanceContact For Info
- Terms of NoteContact For Info
- All CashContact For Info
DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.