MCA Business Brokers

Listing Information

Branding Iron BBQ Restaurant
Listing ID: 1196	Location: Food Court at The Outlet Shoppes at Gettysburg, PA
Brief: SOLD & SETTLED 2-10-10: The Branding Iron BBQ is a unique restaurant located at the Food Court of a regional outlet shopping center in the tourist town of Gettysburg. The menu offers a wide array of slow-cooked meats, potatoes, salads and sides in a quick-service, food court venue.

Listed Price:

$225,000

Total Sales:

$325,000.00

Seller's Discretionary Earnings:

$90,000.00

Fixtures Furniture, & Equipment:

(Included in Listing Price)

Real Estate:

Inventory:

(Included in Listing Price)

Financing / Terms:

The Seller is offering to finance the loan down payment, inventory, and closing costs up to $40,000.

Business Information

Year Established:

2000

Number of Employees:

4 Full Time / 1 Part Time

Days and Hours of Operation:

Monday to Saturday: 10:00am to 9:00pm Sunday: 10:00am to 6:00pm

Relocatable:

Franchise Information:

This business is not a franchise

Facilities / Location:

This business is located in the food court of “The Outlet Shoppes of Gettysburg”. The Outlet Shoppes are located at the busy intersection of Rt 15 and Rt 97 just outside of historic Gettysburg and serves as an attraction to the 1 million + tourists that visit Gettysburg each year as well as outlet shoppers that often come by bus. Just a few miles from the MD border, Maryland residents often frequent the Outlet Shoppes to take advantage of “tax-free” clothes shopping not available in their home state. Within 1 mile of the Outlet Shoppes is the brand new 139,000 square-foot Gettysburg Battlefield Visitors Center as well as the entrance to Gettysburg’s largest gated residential community, Lake Heritage. The Outlet Shoppes are the home to 70+ retail stores, a 10-screen movie cinema and the Country Inn & Suites hotel. The Branding Iron BBQ leases approximately 775 square feet from The Horizon Group for $4200 per month and is responsible for utilities. CAM charges are included in the rent. The first term of the lease ends 12-30-2010. The lease includes (1) one (5) five year renewal term that ends 12-30-2015. A prospective buyer will need to complete a lease assignment application from Horizon.

Lease Information

Lease Expiration Date:

Option:

The first term of the lease ends 12-30-2010. The lease includes (1) one (5) five year renewal term that ends 12-30-2015.

Monthly Rent:

$4,200.00

Additional Information

Reason for Selling:

The semi-absentee owner has an expanding unrelated, non-restaurant franchise business and would like consolidate his businesses to focus on one primary venue. An enthusiastic new owner will have the opportunity to improve efficiencies and grow along with the anticipated growth of the Outlet Shoppes. The seller will offer a non-compete and transitional support.

Business Description:

The Branding Iron BBQ is a unique restaurant offering a wide array of slow-cooked meats, potatoes, salads and sides in a quick-service, food court venue. An on-site “pit” smokes beef, pork and chicken for 10-14 hours to create an authentic smoked barbeque taste. In addition to the barbeque options, the Branding Iron offers a broad menu to appeal to the whole family, from made-to-order hamburgers to hotdogs to the favorite 1-pound barbeque baked potato. The Branding Iron strives to be a delicious alternative to the typical fast food, food court restaurant by providing a generous portion of top quality menu items with fast food timing. The restaurant is open during mall hours and serves shoppers and movie-goers from the adjacent theater as well as tourists and individuals on a take-out basis. Food court seating of approximately 175 is available with “Wi-Fi” internet access. The décor is authentic Texas from the barn wood plank walls to the various antiques on display to the claw-foot tub in the waiting area. Designed to create an inviting atmosphere, the store-front certainly is not reminiscent of your average food court restaurant.

Potential for Growth:

This restaurant can offer a new owner the opportunity to reap substantial additional income by investing the time to further develop the business. There are several areas of opportunity: 1. The Outlet Shoppes at Gettysburg is expected to break ground in Spring, 2009 on a major expansion of the shopping center with top retailers to be added starting late 2009. 2. An owner/operator has the opportunity to improve efficiencies and substantially add to the bottom line . 3. Promote take-out business. The excellent location provides for the development of a potentially large, virtually un-tapped, take-out clientele. 4. Develop off-site or catering business. 5. Utilize the high kitchen cooking capacity and set up remote kiosk type locations.