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Tuscaloosa County's Premier Family Restaurant

Tuscaloosa County, AL

Seller Financing Available
Tuscaloosa County's Premier Family Restaurant
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Asking Price: $648,000

Cash Flow: $135,000

Gross Revenue: $907,000

EBITDA: N/A

FF&E: $210,000

Inventory: $15,000

Rent: $4,300 /Month

Established: 1947

Tuscaloosa County's Premier Family Restaurant

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Business Description

Once in a lifetime opportunity to own this legendary profitable turnkey family restaurant located in a fast growing area and near The University of Alabama. This historical family restaurant has a history of over 40 years in the area but the last ten years in this location and building. Offering quality Southern Comfort Food at a reasonable price, this restaurant is highly rated in Trip Advisor, as well as numerous customer reviews for it's famous food, wonderful service and family atmosphere. The restaurant includes an outstanding gallery of famous University of Alabama sports icons along with eight famous Daniel Moore paintings. Achieve your dream of owning a profitable and highly demanded restaurant and catering business.

Detailed Information

Location:
Tuscaloosa County, AL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,100
Lease Expiration:
N/A
Employees:
19
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Even though the business was started in 1947, this current building and location is approximately 10.5 years old.The facilities have been well kept and all equipment is working and is clear of debt. The dishwasher is leased and maintained through one of the current food suppliers. (Home Based)
Competition:
The closest competition offering a similar menu is located approximately 5 miles away.and the two businesses seem to rotate regular customers and overflow .
Growth & Expansion:
The current owner has started growing with the catering business due to the location of the restaurant to the Mercedes/Benz production facility along with the many feeder plants that manufacture parts for Mercedes in addition to the catering opportunities at the University of Alabama and the metro area of Tuscaloosa which has grown at 11% over the past few years. The University of Alabama has seen it's enrollment grow to the highest in history at 38563 students. The growth in the area is in the direction of the location of the restaurant.
Financing:
Possible Seller Financing for well qualified buyer
Support & Training:
Seller will train and support the new owner for up to one month.
Reason for Selling:
Health
Home-Based:
This business is Home-Based
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Randy Shurbet

Business Listed By:
Randy Shurbet

isellrestaurantsandbars.com

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