Business Summary:
This restaurant was founded over 20 years ago and is still known to “wow” the customer every time they visit. They have a signature series slow cooked hickory smoked meat and barbeque sauces, which allow this restaurant to enjoy, continue repeat business. This restaurant has a Kansas City home town feel, Kansas City being a city that is known for having great barbeque. This is a place where you can dine in and feel right at home. Catering is also an option for a customer, this company is utilizes a catering van, equipped with signage, that can serve more than 1000 hungry people. This fine dinning establishment also has a bar and lounge area for waiting customers. The restaurant is open 7 days a week, Monday – Thursday 11:00 to 8:30, Friday & Saturday 11:00 to 9:00 and Sunday 11:00 to 8:00. The restaurant employs +/- 30 people, working varies shifts. The restaurant has a site manager running the restaurant doing varies jobs like ordering of products, hiring of employees, scheduling and coaching of the employees, which allows the owner to operate with a very flexible schedule. The principal believes that a new owner who is willing to be more hands on would experience an immediate increase in cash flow. The owner wishes to retire at this time, but is willing to train a new owner. The restaurant is housed in a +/- 7000 square foot building and can seat up to 250 people. A lease would have to be negotiated with the new owner and the Landlord. This company serves alcohol and there is ample parking and visible signage. This business cash flows about $200,000 and the asking price is $600,000 plus +/- 15,000 in inventory. This price does include the recipes and distribution of bottled barbeque sauce. The value of the equipment is at about +/- 200,000, and the price does not include: cash and cash equivalents, accounts receivables and non-operating assets. All existing liabilities, at closing shall be satisfied by Seller.
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