Price Drop - 30 Yr. High Vol. / High Margin Buffet

Not Disclosed, AL
Mobile County

Asking Price: Annual Revenue:
$349,999 $1,288,981

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Price Drop - 30 Yr. High Vol. / High Margin Buffet Broker: William Kleinschrodt
Owner Financing is Available!

Quick Facts

Asking Price: $349,999
Annual Revenue: $1,288,981
Net Profit: Not Disclosed
Cash Flow: $381,389
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 15
BBN Listing #: 201955279
Broker Reference #: 24876-290703

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Business Overview:

Reputable Chinese Restaurant & Buffet with desirable location in major Gulf Coast City. Incredible following and repeat customers. Family owned and operated for past 30+ years in same location. Best lunch buffet in town. Restaurant is located on major road connecting airport and residential areas to I-65/I-10. Owner is seeking retirement, but will gladly assist buyer for seamless transition. Owner will assist buyer for up to one month (included in listing price) and up to 6 months for reasonable compensation as mutually agreed. Excellent business acquisition opportunity for a fast-paced, high volume, high quality family-run business.

Priced at 1X Seller's Annual Net Income (with only $250k down)!!! Consistent net cash flow of $300-400k per year, every year. How often can you find a business for sale where your entire payback period is less than 1 year??? Call us today as Seller is highly motivated to find buyer ASAP.

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Property Features and Assets:

Landlord willing to sign long-term lease with options.

Reason for Selling:


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.

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