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Asking Price$475,000
Revenue$1,200,000 Established2001
Cash Flow$200,000 Employees12 full, 9 part
FF&E$153,000 FranchiseNo
Inventory$12,000 RelocatableNo
Real Estate$725,000 Home-basedNo
* Included in Asking Price
This iconic restaurant has been serving the East Central Alabama area for over twenty years and has been consistently profitable each year. This is an opportunity that only comes around every so often. This restaurant can accommodate up to 100 patrons and has parking for up to 50 automobiles. The restaurant is approximately 4000 square feet and consistently has gross revenues around $1.2 million per year. The restaurant actually increased in business during the Covid crisis and had to add ten curbside pickup stations to accommodate the customers. This sale can include the property, or the property can be leased. The asking price is for the restaurant only is $475,000 and does not include the property but the property can be negotiated separately if interested. The lease on the property is $6000 per month on a five-year lease with a five-year option. A video is available upon contact.
Facilities:The main dining area as well as kitchen and storage area is approximately 4000 square feet and there is a private room for meetings and private parties. The parking can accommodate up to 50 automobiles and the seating up to 100 patrons. The building facade is attractive and the inside is quaintly decorated for a very comfortable and relaxing dining experience. This business is well organized and is an excellent turnkey business.
Competition:There is no competition in the immediate area serving a like menu. The usual national fast-food chains are abundant in the area but no additional fine dining establishments. This is definitely the "GoTo" restaurant in the area served.
Growth Potential:The main areas for growth potential are in catering, alcohol and delivery service. With these additions, this business could generate $2 million gross dollars.
Training/Support:The seller is open to any necessary length of time for training of food preparation and operations management.
Seller Financing:Seller open to financing with 50% down payment.
Sale Reason:Owner is ready to retire
Ad #126776
Seller Reference #Listing # 108127
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Contact This Seller
Randy Shurbet
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