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Listed by:

Transworld Business Advisors Birmingham SW

Corporate Fast Casual Store In Birmingham For Sale

Birmingham, Alabama, US
Asking Price:
$550,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,506,014
Cash Flow:
$124,426

Corporate Fast Casual Store For Sale with Seller Financing

****REDUCED PRICE WITH SOME SELLER FINANCING*****

The business is an existing specialty fast casual restaurant with a full bar serving mainly fresh affordable high-quality food and drinks to patrons. The location is highly visible surrounded by extremely high demographics to further support growth in sales. The restaurant has a strong following of clientele with an established brand creating a reoccurring customer base providing consistent same day sales activity.

The business has a ready-made staff with existing management in place, which could be a great opportunity for an absentee buyer. The restaurant location has seating capacity of 140 or more to further support additional sales. The kitchen/bar equipment is only over a year old and in great working condition while the company has established vendor relationships with premier food suppliers, further helping them achieve higher sales and gross profit margins. The company invested over $800K or more in the location between TI improvement, new furniture fixtures and equipment along with new software to further improve operational efficiency.

The restaurant has an above industry digital following through social media platforms, which due to brand they continue to increase their followers each year. The seller is offering some seller financing for 20% of the total listing amount that is affordable to a new buyer, however subject to final review and approval.

Property Information

Real Estate:

Lease

Lease Terms:

Monthly Rent: $11,123.30

Square Units (Foot, Meter): 2,910


Lease Expiration Date: January 31, 2033, 4:33:00 PM

Terms Options: 10 year lease agreement with one five year option for renewal

Location:

Facilities: Land lord provided over $470K in Tenant Improvement Allowance for the space before the company provided additional leasehold improvements. This is a 10 year lease agreement with a maturity of 2033 plus one 5-year renewal option. The location is very strong with extremely higher demographics to further support existing and future growth.

Premises Details:

FF&E Overview: All kitchen equipment (full hood, four fryers, flat top, convection oven- full kitchen) The whole bar with beer taps, keg a rators, tables, chairs, décor- it’s a full-service restaurant.

See broker for break out of all restaurant equipment and leasehold improvements included in the sale.

Owner moved to a new location at the beginning of 2023 and injected over $800K in total between purchase of equipment and Landlord TI for leasehold improvements.

FF&E General Condition: All restaurant equipment for this fast casual business is in great condition and all just over a years old.

Business Operation

Expansion Potential:

Providing additional advertising and focusing more toward business catering will further improve revenues and margins. Also, the company is only open Tuesday-Saturday.

A new buyer opening up two additional days during the week would increase annual revenues and operating profit margins.

Reasons for selling:

Focusing on Franchising

Trading hours:

Tues-Sat 11AM- 9PM

Employees:
28
Years established:
2014

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

Number of Weeks Seller Will Offer Training: 2

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner Terms:$120,481.00 Interest:8.5% Term Months:36 Monthly Payment:$1,501.41

Furniture / Fixtures value:
$434,241 - included in the asking price
Inventory / Stock value:
$14,145 - included in the asking price