Business Overview:
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Two well established full Service BBQ Restaurants located in Central Alabama under an established franchisor with high growth potential and excellent visibility for higher end retail traffic.
The company also has an established fast casual steakhouse restaurant located in the same area that is consistently improving its metrics each year. Revenues are fairly consistent with consistent higher trending revenues year over year in each location. Gross revenues are mainly supported through the following:
Dine in 55%
Take out 35%
Catering 10%
Locations have competent staff that can be run absentee or under full time ownership.
NNN Rest A/B: 4800 SQ FEET AND Rest C= 32OO SQ FEET
Rest A/B expires 3/13/29 with three five year options at market rate.
rent and cam schedule available upon request.
year one 4800 sq feet @ $15 per foot. first year 3/19/19-3/31/22
each year increases $.50 per foot each year and cam is $3.49 per foot each year.
Rest C expires 4/30/22 with two 5 year options
1) 5/22-4/27 rent goes to $3193 inclusive.
2) 5/27-4/32 rent goes to 3289.00
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Reason for Selling:
other interests
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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