Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$128,000	Inventory	$4,500*
Gross Income	$308,630	Real Estate
Cash Flow	$27,864	Year Established	2001
FF&E	$90,874*	Employees	7 summer; 5 -

* included in the asking price

** not included in the asking price

Great business for sale

Picture yourself on the colorful deck of Little Joe's enjoying a smoked bar-b-q beef sandwich and a frosted ice tea or a healthy house salad and a cup of the owner's delicious soup. It's little wonder that Little Joes' continues to attract the locals as well as the tourists and Winter Texans for repeat meals. Little Joe's is also becoming a popular local caterer preparing and even delivering meals to organizational meeting sites or local beach parties. This is a great restaurant business for the novice or the seasoned restaurant owner looking for an opportunity to capitalize on an ever growing island market in a business that's easy to understand and manage. The restaurant has 1,488 sf inside and 620 sf on its wooden deck. Seating for about 54 people inside and 20 more on the deck.

Facilities: Easily located and accessed Little Joe's house specials including his delicious homemade soups, smoked bar-b-q and several other popular dishes like his Monday meatloaf that is sold out before the customers are all taken care of are reasons why this restaurant is so popular. When it's not too hot, the outdoor porch with its colorful flowerfilled hanging baskets is a very popular luncheon site for a cold beer and bar-b-q brisket sandwich. The lease probably needs to be renegotiated. It is currently a flat lease as opposed to a triple net lease.

Competition: There is limited competition in the area for good bar-b-q. But Port Aransas is a maior tourist destination with large numbers of Winter Texans and summer visitors coming to area so the community has many good restaurants and this is certainly one. But Little Joe's is very informal and very accessible so it is increasingly popular with island lovers and features reasonably priced food and lots of original and tasty dishes prepared by the owner/mqanager and/or his chef. Peach cobbler and tomato basil soup are two examples of their talent and these recipes

Growth/Expansion: Increase catering. Offer evening fish fries, crab boils, etc. . Add a weekend breakfast menu. Sell house salad dressings, soups etc. Box lunches for the fishermen and bar-b-q for beach party hosts.

Financing: Seller might offer small % of owner financing

Support/Training: Training is available by owner. He is also willing to hire any buyers during June and July to give them an invaluable hands on learning experience in the restaurant business.

Reason Selling: Relocating