Profitable Iconic Family Owned Restaurant Business

Confidential, AL
Baldwin County


Asking Price: Annual Revenue:
$1,872,000 $1,600,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Iconic Family Owned Restaurant Business Broker: Andre Martineau
Owner Financing is Available!

Quick Facts

Asking Price: $1,872,000
Annual Revenue: $1,600,000
Net Profit: Not Disclosed
Cash Flow: $196,000
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 1982
Employees: 34
BBN Listing #: 621651785
Broker Reference #: MOBILAL001-N908

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Business Overview:

These family-owned famous restaurants known for Fried Chicken and Seafood have been under the same name for 34-years with an excellent reputation for great fried chicken and vegetables. Known for home-style cooking, vegetables, fried chicken, Po-Boys, and the daily, all you can eat, buffet. The drive-through windows are robust income producers. In 2020 the business grossed $1.6MM with a cash flow of $196K from the two locations. Business Attributes Both restaurants are centrally located in high traffic areas, which contributes to excellent advertising visibility. The real estate is included and positioned on major north/south highways with residential neighborhoods nearby. Both have large parking lots. One facility is 6,400 square feet and seats about 104, and the other is 2,400 square feet and seats about 24. The estimated value of the real estate is $1,140,000. Building 1 has 2 to 3 office spaces located on the second floor, each with a private bath, and would generate additional income. With the real estate's estimated value at over $1,140,000 and a cash flow of $196,000 (2020), this business offers an excellent value and opportunity for you to work and live in a fast-growing area and be near the beaches.

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Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • 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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