Profile: BBQ Restaurant.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Gary Bayus, Broker
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| Primary Phone: |
805-773-5447 |
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| Alternate Phone: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
12/31/08 |
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| Date Last Revised: |
12/31/08 |
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| BizBen Ad #: |
107531 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$49,900 |
| Down Payment: |
Call |
| Annual Revenue: |
Call |
| Annual Adjusted Net: |
Call |
| Price Range: |
$0 to $100,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
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Description:
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Business Summary:
Excellent Site In San Luis Obispo, Blocks From 20,000 Cal Poly Students, Well-Known, Award Winning Rib Restaurant Located Near Major Highway. Surrounded By Affluent Residential, College Students And Tourist Area. This Restaurant Is Very Well Maintained, Clean And Designed With Good Visibility, Has A Great Reputation With Visitors And Locals Alike. Voted One Of The Best In The County. A Turnkey Situation With New Owner Stepping In Needed To Make Little Or No Changes. Patio Area Make This A Profitable Venture For Working Owner Or Promote A Manager From Within. Excellent Visibility, Easy Multi-Directional Access, High Traffic Location, Extraordinary Repeat Customer Business. Great Potential For Extended Hours Or Delivery Services Added. Owner Operator With Catering Interest Would Add To This Business. Good Reputation Established. This Restaurant Is The Only Stand Alone Facility Available With Its Own Parking Lot In The City Of San Luis Obispo. Training, Recipes, Non-Compete, Authentic Technique All Included In The Price. Average Sale Is 10.00. Several “Key Carriers”, Supervisors & Cooks That Would Like To Continue.
Facilities Or Equipment:
J & R Smoker – 500lb Capacity Flat Grill
Walk-In Freezer Range/Oven
Walk-In Refrigerator Fryer
Ice Machine Hot Table
Dish Washer 2 – Cold Tables
Deli Case Large Tv’s
Warming Oven Audio System
Tables & Chairs
Competition And Growth:
Catering And A Drive-Through Pick-Up Could Be Added. Also More Advertising Would Help. Seasonal Events. BBQ Classes.
The Location And Quality Of Assets And Facility Add Value, Even If The Current Concept Is Not Profitable. Historical Profitability Is A Key Factor For Determining The Actual Price. The More Simple Concepts Translate To Lower Risk, And This Also Results In A Higher Price.
Industry Information:
Restaurants Are The Cornerstone Of Our Nation’s Economy.
• Restaurant Industry Sales Are Forecast To Advance 9% In 2006 And Equal 4% Of The U.S. Gross Domestic Product.
• The Overall Economic Impact Of The Restaurant Industry Is Expected To Exceed 1.2 Trillion In 2006, Including Sales In Related Industries Such As Agriculture, Transportation And Manufacturing.
• Every Dollar Spent By Consumers In Restaurants Generates An Additional 1.98 Spent In Other Industries Allied With The Restaurant Industry.
• Every Additional 1 Million In Restaurant Sales Generates An Additional 42 Jobs For The Nation’s Economy.
• Average Unit Sales In 2003 Were 730,000 At Full-Service Restaurants And 619,000 At Limited-Service Restaurants.
• More Than Seven Out Of 10 Eating And Drinking Places Are Single Unit (Independent) Operations.
Sources: “Restaurant Industry 2006 Fact Sheet, National Restaurant Association.
New Trends Change Tourism:
A National Tourism Consulting Company, Pkf Consulting, Has Forecasted That This Year The Supply Of Hotels In San Luis Obispo Will Increase By 9.4%. Tourism Is San Luis Obispo’s Major Industry.
One Major Trend That Is Evolving Is Demographic Changes. Demographic Changes That Will Impact Marketing Include Understanding Generation Groups. Baby Boomers (1946-1964) Are Aging; However They Don’t Want To Be Considered “Old”. Most Do Not Want Discounts Based On Age. Genxers (1965-1978) Generally Are Traveling More, Are Traveling With Their Electronic Devices, Want To Choose Everything They Do On Their Own And Want No Rules. The Up-And-Coming Group Is The “Millinials” (1979-1994) ; Millinials Have Generally Been Voracious Consumers Since Birth, Are Almost Always Spending And Don’t Believe In Anything Being “Closed”.
Area:
The Central Coast Of California Is One Of The Most Sought After And Lowest Cost Places To Live By The Ocean, With An Explosive Investment Real Estate Growth. Supported By Tourism And Surrounded By Pristine Beaches, Wine Country And Healthily Living Makes This A Dream Destination. The Area Is Still Small Enough To Be Considered Rural With Huge Growth Potential. Rarely Do You Find The Perfect Convergence Of Location, Land, Climate, Heritage And Architecture.
The Central Coast Represents A Truly Unique Opportunity. A Chance To Live In A Place Of Exquisite Beauty, Yet Have Close Access To Both Northern And Southern California And All Activities One Could Imagine. In This Kind Of Environment With So Much To Do And Explore, People Thrive, Families Bond, And Dreams, Quite Naturally, Take Flight. Located At The Exact Halfway Point Between San Francisco And Los Angeles, Local Government Supports Small Businesses And Growth Potential.
This Area Is Slated As The Next Malibu Beach, And A Smart Investor Would Get In Now And Grow With The Wealth. Observed By Jay Leno And Brad Pitt (Local Residents) As Their Best Place To Buy Property On The Coast Of California.
The Central Coast Will Exceed Your Expectations, Expand Your Opportunities And, Just Possibly, Help Set Your Life On A Whole New Course. Buying A Business On The Central Coast Will Allow You To Immerse Yourself In The Elegant And Unique Style. Owning A Business Here Offers A Completely New And Unique Opportunity To Live In This Dramatic Coastal Setting. Here Life Centers Around Adventure, Growth, Wellness, And Strong Personal Connections.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Gary Bayus, Broker at 805-773-5447 |
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