Seller's Contact Information
- RE: Restaurant Business-only In Birmingham, AL
- Contact: Kavita Purohit
Quick Facts
Asking Price: | $199,000 | |
Annual Revenue: | $660,000 | |
Net Profit: | $137,689 | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 1981 | |
Employees: | Not Disclosed | |
BBN Listing #: | 940686 | |
Broker Reference #: | Not Disclosed |
Business Overview:
Yearly sales are average $660,000!
Seller is willing to finance the business for $120,000 down! The remaining balance will be financed for 6 months at 8% interest rate!
Net profit is over $137,000 per year AFTER paying $182,000 in Payroll and rent as well as all other expenses!
2 cooks full-time are paid $96,200 per year and the Seller's two brothers run the restaurant. One brother works from open to close and the other brother is part-time from 1pm to close. Replacing the brothers with employees to work the same hours with a pay of $13 per hour per employee, then that would equal to an average of $22.75 payroll per hour, which totals to $85,176. Therefore, the expected payroll for the business is $96,200 + $85,176 = $181,376.
Base Rent is ONLY $2,900 NNN per month with the lease set to renew in December 2024 with a 5-year renewal option!
Located in Metro-Birmingham, AL!
Asking Price for Business-only: $199,000 plus inventory! Inventory is roughly about $5,000 at cost. Seller financing available for $120,000 down!
If interested, please contact us anytime with your email, full name and best contact number through reply to this ad button.
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Market Competition and Expansion:
Extremely High Average Traffic Count of 31,070 vehicles passing by the restaurant each day!
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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