The business offering consists of an award-winning barbeque restaurant franchisor, one barbeque restaurant franchisee, 10 corporate barbeque restaurants, and the administrative office.

Key Aspects

From 2018 through 2021, revenue from all corporate restaurants grew at a compound annual growth rate (CAGR) of 4.6%
From 2020 through 2021, revenue and gross profit (from all corporate restaurants) grew by 17.4% and 13.4%, respectively
From 2018 through 2021, adjusted EBITDA for the franchisor grew at a CAGR of 29.1%
Successfully serving customers for over 33 years

Opportunities

Continue to develop the franchise, expand geographic reach, and add additional locations to increase revenue
Increase marketing efforts through new channels to capture a greater market share
Continue to negotiate pricing agreements with key suppliers to support margin growth
Expand the existing customer loyalty program

Headquartered

Southeast, US

Current Markets

Each restaurant serves individual consumers with dine-in, take-out, online ordering, and catering options, in five US states.

Real Estate

As of 2022, the company operates from 10 corporate restaurants, an administrative office, and one franchised location. Affiliated entities own the real estate for five corporate restaurants and the administrative office space, while the company leases the remaining five corporate restaurants from unrelated third parties. Ownership does not intend to include real estate as part of the company sale. However, ownership is open to negotiating long-term leases for the affiliate owned real estate.

Shareholder Objectives

All entities included in the sale have one active shareholder who is the largest individual shareholder in eight of the 10 corporate restaurants, the administrative office, and the franchisor. Various passive shareholders hold the remaining ownership. All shareholders agree with the proposed sale. The active shareholder is willing to remain with the company during the transition of ownership.

Benchmark International

Benchmarks Exclusive Opportunities

Barbeque Restaurant Chain and Franchisor – BN000041329

Barbeque Restaurant Chain and Franchisor – BN000041329

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