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Asking Price: $325,000

$80k Down SBA Approved High Volume BBQ Restaurant

Mission Hills, CA
Los angeles County

$80k Down - SBA Approved - High Volume BBQ Restaurant - Established in 1942 – Located in the San Fernando Valley.RRC# 4905Location: San Fernando Valley Description:Price Reduced to $325,000. This business is SBA Loan pre-approved. 4,200 sq ft BBQ Restaurant's history began in the late 1940’s, when the original owner moved from Missouri and started a small barbecue shack in California. After several years the popularity of his food spread, so he decided to move to northern, San Fernando Valley and start a small take-out restaurant. He built a small building at this location. He constructed a brick oven, called a pit, and used local hardwoods to slow smoke beef, pork, spareribs and chicken. His unusual vinegar-based coleslaw and sweet barbecue bean recipe became the backbone of his menu. As the San Fernando Valley grew from being an agricultural community to a major city, this successful business grew along with it. This Restaurant became a landmark in the Valley, so they built two more similar restaurants. The many positive customer reviews are the testimony. “It’s been 50 years of the best Bar-B-Q ever! See you when I’m in LA”, “I travel the country for a living and have had the ‘best BBQ in the south” and NOTHING comes remotely close to your BBQ beef on garlic with your sauce” & “Incredible food. My friends told me about this place and I’m soooooo happy that I found a new place nearby with the best BBQ I’ve ever had.” Fully inclusive Monthly Rent is $18,132 with 2024 annualized sales revenue of $2.1million. Operated with 18 employees, 180 seats including an outside patio, open 7 days, 11.30am – 8.00pm, a Beer & Wine license and 65 parking spaces. With Annual profit of $140k and an asking price of $325,000, this business may well be approved for SBA lending. To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & 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. No Broker Coop.Financial Information:Monthly Revenue: $175,000 Monthly Cash Flow: $11,700 Annual Revenue: $2,100,000 Annual Cash Flow: $140,000 General Info:Ownership: Inc Established: 1942 Employees: 18 Reason For Sale: Other InterestsMonthly Rent: $18,132 Inclusive NNN Expiration: 2028 plus Two x 5 years Lease OptionsFacilities:Square Feet: 4,200 Seating: 180 Parking: 65 Licenses: ABC Type 41, Business & Health Permit Days/Hours of Operation: Daily 11.30am - 8.00pm

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Cash Flow $140,000
Revenue $2,100,000

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