Iconic Eastern NC Barbecue Restaurant-USDA Wholesale Dist.

Business
  • Listing# : 15149
  • Listed Price : $927,000
  • Total Sales : $1,464,228
  • SIC : 5812
  • Down Payment : $92,950
  • Status : Active
  • Discretionary Earnings : $292,449

Business Type :

Food Business Retail / Food Retail Meats; Wholesale / Wholesale Food Broker; Manufacturing / Food/Kindred Products; Restaurants / Barbecue Restaurant

Business Description :

This Barbecue food processing plant has operated as a wholesale USDA facility making eastern North Carolina style barbecue (pork) for restaurants and supermarkets in Northeastern NC and Southeastern VA (Tidewater area). In 2017, a restaurant was added to the facility which accounts for a third of the current revenue.
The restaurant has complimented the wholesale part of the business with increased cash flow and more barbecue sales. The wholesale business has its own delivery routes selling to distributors, restaurants and retail outlets (supermarkets).    

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $500,000
    • Incl : Available
    • Inventory $35,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $270,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $305,000
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Food Business Retail, Wholesale, Manufacturing, Restaurants
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