Retail - Restaurants | Retail - Bars/Taverns

$Seller Financing Available

Asking Price	$195,000	Inventory
Gross Income	$423,780	Real Estate
Cash Flow	$89,485	Year Established	1988
FF&E	N/A	Employees	N/A

* included in the asking price

** not included in the asking price

This profitable restaurant is located right in the middle of Springhill, the most affluent area of Mobile, Alabama. The business offers an excellent platform for growth by expanding the menu and offering more customer friendly hours. // The restaurant is currently open only for lunch and only 5 days a week. But it offers one of the best locations in the city for an upscale dinner menu. Catering is also a natural growth opportunity in this affluent community. // Even now, with its limited hours and menu, the business is generating revenue of over $400,000 annually. The short menu is limited but includes very popular soups, salads and sandwiches. // The lease is $2365 per month which represents a most reasonable 6.7% of revenue. This favorable rate is guaranteed through the year 2014. // The restaurant is fully equipped both in the dining room and kitchen. The seller is committed to a seamless transition and will fully train a new owner in all aspects of the business. // The owner is ready to retire which opens this opportunity for a new owner with energy and ideas. For additional details on acquiring this restaurant, please call or email William Bruce at WilliamBruce@bellsouth.net or (251) 990-5910.

Seller Financing Available: Yes

Financing: Partial seller financing is available to a qualified buyer after down payment.

Reason Selling: Retirement.