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This Restaurant for Sale in Hoover AL brings in strong annual sales of 1,781,169 and offers a fully equipped commercial kitchen and inviting dining room ready for a new operator. Since this is an asset purchase, a new owner has the opportunity to build on an established customer base and increase sales to reach full profitability. We Sell Restaurants can assist with unsecured lending options up to 400,000 for qualified buyers. This Restaurant for Sale offers approximately 6,000 square feet with a monthly rent of 13,000 that includes CAM charges. The dining room seats 160 guests inside with an additional 30 seats outdoors, creating a layout that serves both dine in and carry out traffic. A long list of included equipment makes this a turnkey restaurant for sale that avoids the high upfront cost of building out from scratch. The kitchen features a hood, in ground grease trap, two fryers, six burner stove, flat top, grill, convection oven, prep tables, three compartment sink, dishwasher, shelving, sheet pan racks and a full smallwares package. Refrigeration includes a walk in cooler, walk in freezer, glass door reach in cooler, reach in freezer, under counter cooler, ice machine and sandwich prep coolers. Front of house equipment includes tables, chairs, bar stools, bar glassware, blenders, keg cooler, ice well and an underbar dishwasher.Established in 2019 and operated by the current owners since opening, the restaurant, offered by We Sell Restaurants, sits in a proven location with parking and strong visibility. The lease runs through November 2026 with an original ten year term. A buyer benefits from the existing infrastructure that would cost far more to replicate today. This includes a POS system, security cameras, décor, flat screen TVs and trash receptacles that convey with the sale. The space is suited for many concepts and gives an incoming operator the ability to launch quickly without delays or construction risk.With high existing sales and a complete equipment package already in place, this restaurant for sale is positioned as a strong opportunity for a buyer wanting to enter the Hoover market. Reach out to We Sell Restaurants to review the full equipment list or schedule a showing.By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.
Property Highlights:Property is 2.2 acres!Building was constructed in 2019! Seller will sign a 20-year absolute triple net lease! Buyer will not be responsible for anything!Annual Rental Income is $247,200 and escalates by 3% every year! Cap Rate is 6.18%! The daycare only charges $185 per week for a student. They can afford the rent even with that low charge to their customers.Geographic & Demographic details:Local population is growing by 2.6% annually and median household income is $73K!No competition in a 3-mile radius! There are 1,150 children under the age of 5 within the same 3-mile radius and 5,815 children under the age of 5 within a 7-mile radius! Average traffic count of 8,120 vehicles passing by the location each day!DoubleTree by Hilton, Baymont by Wyndham, Candlewood Suites, and Econo Lodge are hotels located nearby.There are 8,359 households within a 3-mile radius! In addition, Highland Hills Apartments, Glen East Apartments, Grove at Westgate, Colony Square Apartments, and Dorchester Court Apartments serve the residential community in the area. Emmanuel Christian School, Highlands Elementary School, Dothan City Schools, Harvest Christian School, and Troy University Dothan Campus are easily accessible from the property and collectively serve over 4,200 students and faculty!Less than 2 hours from Columbus, GA and Montgomery, AL! 1 hour from Troy, AL! Asking Price: $4M. Cap Rate is 6.18%!
Key Financials:Inside Sales are an average of $65,000 per month!Outside Sales average 25,000 gallons per month at 36 cents margin per gallon!The store is currently operated by a tenant. Jobber Contract is Rack 1 with 10 years remaining on the current brand agreement. The jobber contract will renew for an additional 10 years and Jobber will pass on all benefits of the new brand to the Buyer upon the renewal!Geographic & Demographic Details:Store is highly visible from the highway! Located in the heart of Atmore, Alabama, a growing community!Store is over 1,800 SF on a 0.66 acre lot! Local population growth is 2% per year and median household income is $39k!Nearby restaurants include Atmore Real Reggae Kitchen, Jalisco Mexican Restaurant, Dixie Catfish, Hog Branch BBQ & Grill, and Creek Diner.Apartments nearby such as Atmore Garden Apartments, McRae Apartments, and Rocky Ridge Apartments provide steady local demand.Schools like A.C. Moore Elementary, Atmore Christian, Rachel Patterson Elementary, and Escambia County Middle collectively serve over 1,200 students and faculty!Coastal Alabama Community College is only 30 min away with another 4,500 students and staff to the area.Less than an hour from Mobile, AL! 1 hour 40 min from Montgomery, AL! 2 hour 20 min from Hattiesburg, MS! Asking Price for the Business and Property has been reduced to $849,000 plus inventory!
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