Owner Financing is Available
Business for Sale Overview:
This profitable restaurant is located right in the middle of Springhill, the most affluent area of Mobile, Alabama. The business offers an excellent platform for growth by expanding the menu and offering more customer friendly hours. The restaurant is currently open only for lunch and only 5 days a week. But it offers one of the best locations in the city for an upscale dinner menu. Catering is also a natural growth opportunity in this upscale community.
Even now, with its limited hours and menu, the business is generating revenue of over $400,000 annually. The short menu is limited but includes very popular soups, salads and sandwiches.
The lease is $2,365 per month which represents a most reasonable 6.7% of revenue. This favorable rate is guaranteed through the year 2014.
The restaurant is fully equipped both in the dining room and kitchen. The seller is committed to a seamless transition and will fully train a new owner in all aspects of the business.
The owner is ready to retire which opens this opportunity for a new owner with energy and ideas.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.