For sale: One successful barbecue restaurant, slightly used

The Bonney Lake location of Dickey’s Barbecue Pit, a franchise chain of Texan meat cuisine, is listed for sale online at a steep discount. Confounding matters is the fact that the restaurant only opened in November, and has appeared to do brisk business in that time.

The Bonney Lake location of Dickey’s Barbecue Pit, a franchise chain of Texan meat cuisine, is listed for sale online at a steep discount. Confounding matters is the fact that the restaurant only opened in November, and has appeared to do brisk business in that time.

Dickey’s Barbecue Pit was listed for sale on BusinessMart.com, an online search engine and marketplace for business sales.

The owners of the franchise gave no comment to confirm or deny a sale.

The asking price listed was $65,000, a significant markdown of the restaurant’s estimated capital value. The value of furniture and fixtures were estimated at $99,000, and the value of inventory at $3,000.

Annual gross revenue for the business was estimated at $550,000 in the listing, calculating from a claim of $55,000 gross revenue per month in the first two months of business.

(A representative of Dickey’s corporate office called Friday morning to clarify that the company could not guarantee franchisees a concrete figure for gross revenue — Ed.)

Not included in the price is a long term lease at $3,290 per month (for a 1,880 square foot floor) plus NNN charges of $882 per month and a $10,000 franchise transfer fee. The restaurant also employs one person at full-time and 12 part-time. Additionally, a 5 percent franchise royalty and 4 percent ad fee are requirements of the deal.

Included in the purchase is three weeks of training at Dickey’s BBQ University in Texas, as well as one week of on-site training by the seller.

The publisher of the business listing cited  “family issues” unrelated to the health of the business as the motivation to sell.

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