Business Category: Bars and Restaurants
Listing Price: $400,000
Cash Flow: $110,371
Founded in 2003, the Business is a reputable, high-volume bar and restaurant franchise. The restaurant is known for its friendly and laid-back atmosphere where customers can enjoy a delicious meal with friends and family while playing games and having a drink. The restaurant offers several delectable menu choices for customers to choose from.
The bar and restaurant benefits from multiple revenue streams including dine-in, catering, parties, and take out. Less than half of revenue overall consists of food sales.
Exciting growth opportunities exist, including implementing direct delivery and marketing to the community to locals. The restaurant benefits from favorable lease terms and is located on a high-traffic road near a mall.
Ownership or management that is engaged in marketing, promotions, catering sales, company operations, and other current opportunities could unlock significant growth.
Opportunities For Growth:
(1) Direct Delivery: The Company currently provides take-out services but could benefit tremendously from implementing direct delivery, either through adding a driver or working with a delivery partner.
(2) Community Marketing: The restaurant currently relies heavily on word of mouth for its strong customer base and sales. The company has the potential to grow this segment’s revenue significantly by increasing their community marketing and reaching out to locals. In this marketing process, the Company would be able to build their local brand within the area and reach a greater number of people who would be interested in eating in the restaurant’s atmosphere.
(3) Social Media & Online Advertising: Implementing any marketing strategy would likely drive growth beyond word-of-mouth advertising. Social media advertising on heavily trafficked media sites, such as Facebook and Instagram, or simply Google Adwords could be extremely effective.
(1) Well Established Business: The business is well established, recognizable and has a high volume of customers and sales.
(2) Multiple Streams of Revenue: The Company derives its sales through its catering and party services, Take-out, Dine-In, and they have online ordering coming soon.
(3) Limited Ownership Involvement: The owner has considered himself absent from the Company’s management and this relaxed role of ownership that the owner has created for the company would be perfect for an individual who does not wish to invest a substantial amount of time into running the daily operations. On a separate note, an owner who wishes to take a more active role in the company could help to maximize the profitability by directly helping grow the operations of the company.
(4) Excellent Location: The Business is located in a prime location near high traffic areas and in close proximity to shopping areas which gives the restaurant a significant advantage in terms of customer base and growth.
Real Estate Available: For Lease
Reason For Sale: Looking to pursue other business interests