Business Overview:
This is an exciting opportunity to own a sports grill restaurant just steps away from Auburn University and the 2011 National Football Champions which adds an exciting element as home games along with all AU teams adds thousands to area.
Opened in 2003 at a cost of almost $2,000,000 with no expense sparred to create a really stunning restaurant. Net (not gross) sales in 2010 were $1,494,500 with small net. Net sales ( not gross ) in 2011 through July are $811,000, but Aug-Nov are usually are best months when Auburn U kicks into full gear.
The main Owner has other non-restaurant business interests and is only involved in this Loco’s on a part time basis. A new hands on and energetic franchisee has endless possibilities. Keep as Loco’s Grill & Pub and become a franchisee or convert to any full service or casual concept although the best use is as a sports bar restaurant.
Priced at $1,675,000 which includes real estate, building and all assets of business.
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.
Property Features and Assets:
Freestanding 4,811 sq. ft. with 780 sq. ft. patio, full service bar with tons of parking. Fully equipped kitchen with 56 sq. ft. walk in can handle any game day volume.
Market Competition and Expansion:
A new hands on and energetic franchisee has endless possibilities.
Keep as Loco’s Grill & Pub and become a franchisee or convert to any full service or casual concept although the best use is as a sports bar restaurant.
Reason for Selling:
Has another business-runs this part time.
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 a franchise resale opportunity.
Resources: