Local Restaurant Opportunity - Motivated Seller
Birmingham, AL Jefferson County
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- RE: Local Restaurant Opportunity - Motivated Seller
- Contact: Rick Gilmore
Quick Facts
| Asking Price: | $59,000 | |
| Annual Revenue: | $261,120 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $83,400 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $52,856 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2007 | |
| Employees: | 2 | |
| BBN Listing #: | SB-52925 | |
| Broker Reference #: | BIRMIAL001-52925 |
Business Overview:
Located on Hwy 31 in Hoover, Alabama, this 2,000 sq. ft. Restaurant has 13 dining tables and seats 10 at a bar. Renovations were done in 2022 and includes a brand new AC unit and water heater. Roughly 800-900 sq. ft. is dedicated to a fully decked out kitchen area. Owner is ready to retire. Interested? Call Rick Gilmore 205-369-5584 or email rickg@sunbeltnetwork.com
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Market Competition and Expansion:
This is a prime opportunity to buys a going concern at a discount and easily grow the revenues. After 30 years the seller values time off off as much as a busy Friday. Last year they were closed for vacation 6 weeks in the summer and 4 weeks on the holidays and every holiday on the calendar
Reason for Selling:
Retirement- Owner will consider all offers and wants to move quickly .
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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