Well established community restaurant

Contact Seller
Full breakfast, Meat and 2 or 3 type lunches. Steaks for dinner
Asking Price:
$299,000

Gross Revenue:
$650,000
Cash Flow:
$200,365
EBITDA:
$100,000
Inventory:
$5,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

Share this business:

Business Description

Open seven days a week. Owned by one family for over 30 years. Closed in 2016 for several months before new owners completely remodeled and opened in Feb of 2017.

About the Business

Location:
Montgomery, Alabama
Year Established:
1985
Number of Employees:
17
Real Estate:
Leased
Building Sq. Ft.:
2,900
Rent:
$3,000.00 Per Month
Lease Expiration:
1/1/2020
Facilities:
In small shopping center with ample parking. Most kitchen equipment purchased new in 2017. All tables and chairs refinished in 2017. Big screen TVs, high speed POS ordering system. Plenty of storage space. Walk in cooler, double door upright cooler, double door upright freezer, single door upright freezer. Two chest freezers. Huge bar made with concrete that looks like granite.
Market Outlook/
Competition:
One restaurant within 1 mile that is similar that is open for breakfast and lunch only Monday through Friday.
Growth & Expansion:
Excellent growth potential. Very successful with no advertising. Word of mouth is the only form of advertising. Energetic person with a drive for success and hands on attitude will be very successful.
Contact the Seller

About the Sale

Reason For Selling:
Health, We opened restaurant as an investment and ended up having to run it.
Training/Support:
Will work with for 2 months for training and gradual transition. Will be glad to provide support and help on as needed bases.
Seller Financing:
negotiable - Lets get together and make a deal

Listing Info

ID:
1440862
Ad Detail Views:
0

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by
Pete Thomas

 Show Phone Number


Similar Listings


Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.