Well established community restaurant

Montgomery, AL (Montgomery County)

Seller Financing Available
Well established community restaurant
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Asking Price: $299,000

Cash Flow: $200,365

Gross Revenue: $650,000

EBITDA: $100,000

FF&E: N/A

Inventory: $5,000

Rent: $3,000 /Month

Established: 1985

Well established community restaurant

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Business Description

Full breakfast, Meat and 2 or 3 type lunches. Steaks for dinner

Open seven days a week. Owned by one family for over 30 years. Closed in 2016 for several months before new owners completely remodeled and opened in Feb of 2017.

Detailed Information

Location:
Montgomery, AL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,900
Lease Expiration:
1/1/2020
Employees:
17
Facilities:
In small shopping center with ample parking. Most kitchen equipment purchased new in 2017. All tables and chairs refinished in 2017. Big screen TVs, high speed POS ordering system. Plenty of storage space. Walk in cooler, double door upright cooler, double door upright freezer, single door upright freezer. Two chest freezers. Huge bar made with concrete that looks like granite.
Competition:
One restaurant within 1 mile that is similar that is open for breakfast and lunch only Monday through Friday.
Growth & Expansion:
Excellent growth potential. Very successful with no advertising. Word of mouth is the only form of advertising. Energetic person with a drive for success and hands on attitude will be very successful.
Financing:
negotiable - Lets get together and make a deal
Support & Training:
Will work with for 2 months for training and gradual transition. Will be glad to provide support and help on as needed bases.
Reason for Selling:
Health, We opened restaurant as an investment and ended up having to run it.
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Business Listed By:
Pete Thomas

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