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Asking Price$1,000,000
Revenue$1,600,000 Established2001
Cash Flow$180,000 Employees14 full, 6 part
FF&E$169,000* FranchiseNo
Inventory$10,000* RelocatableNo
Real Estate$600,000* Home-basedYes
* Included in Asking Price
This family restaurant has been in business on the Alabama/ Georgia border for the past  twenty years and has been very successful and profitable. The owner has four businesses and has decided to downsize to one business. The manager of the business has been with the company since the inception and would like to continue to work for another ten years. This makes this business and excellent absentee ownership a reality. The building has been recently remodeled and a new floor installed in the restaurant. This business is well organized and extremely clean and is a great opportunity for someone wanting to start in the foodservice business or a business that wants to expand it's brand into a new market or territory. The kitchen is well maintained and all equipment has been updated through the years and is in excellent condition. The restaurant is located on a major US highway and services daily travelers, truckers, as well as loyal local customers. Business from the border state of Georgia is very strong and steady. The salad and buffet bar are very popular as is the additional menu items consisting of steaks, seafoods, sandwiches, appetizers and a full offering  of desserts.
Facilities:The restaurant is 4000 square feet of dining, kitchen and storage space with very adequate restroom facilities that are exceptionally clean and well maintained. Parking is sufficient for 40 automobiles with an area for buses or trucks. Seating will accommodate approximately 100 customers and includes a private dining area for 25-30 customers. The restaurant is the meeting place for several local civic clubs and is leased for special events and wedding dinners. The building has excellent curb appeal and is very attractive and comfortable inside.
Competition:There are the usual national and regional fast food chains in the area but the closest restaurant with a wide variety of menu as this restaurant is thirty miles away. There are no other restaurants in the area with the reputation, cleanliness, quality of food, and meeting facilities. This is an excellent turnkey opportunity for someone to enter this business and make money immediately.
Growth Potential:The growth potential for this restaurant would be the addition of alcohol, delivery service, and expansion of the catering business. The business has shown a steady growth over the years through a sterling reputation and word of mouth advertising.
Training/Support:The seller is local and will offer consultation and support year round, however, due to the manager of the past twenty years willing to stay with a new owner, the on-site training is in place.
Seller Financing:This is an excellent SBA qualified business. Financing options are vailable.
Sale Reason:Downsizing
Ad #128677
Seller Reference #123400
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Contact This Seller
Randy Shurbet
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