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Local Restaurant Opportunity - Motivated Seller For Sale

Hoover, Alabama, US
Asking Price:
$59,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$261,120
Cash Flow:
$83,400

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 ------- sq. ft. is dedicated to a fully decked out kitchen area. Owner is ready to retire. Interested? Call Rick Gilmore ------------ or email [email protected]
Real Estate Available: No
Real Estate Included: No

Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Rent: $2,897.00
Owner worked hours per week: 39
Is Going Concern: Yes
Market Competition: 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

Property Information

Size in square feet:
2,000

Business Operation

Reasons for selling:

Retirement- Owner will consider all offers and wants to move quickly .

Employees:
Full Time: 2, Part Time: 1
Years established:
17

Other Information

Support & training:

Owner would stay on for a reasonable transition period and would offer a discounted price for not having to train.

Furniture / Fixtures value:
$52,856 - included in the asking price
Inventory / Stock value:
$2,000 - included in the asking price