World Class Restaurant Reduces Price $70,000

Huntsville, AL (Madison County)

World Class Restaurant Reduces Price $70,000
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Asking Price: Get Financing: $399,000

Cash Flow: $165,000

Gross Revenue: $928,690

EBITDA: N/A

FF&E: $180,000

Inventory: $10,000*

Lease Rate: $1.92 /SF/Month

Established: 2016

*not included in asking price.

World Class Restaurant Reduces Price $70,000

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Business Description

Local restaurant with Big City flair!

"Real Cash, Producing Restaurant" featuring Asian Cuisine and a cosmopolitan bar. Located in an upscale residential and commercial area of Madison County, Alabama. Discretionary Cash Flow has already reached $165,000 in only 9 months of operations.

The owners are excited to sell and are highly motivated. They must return to California due to other commitments.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,200
Lease Expiration:
9/30/2031
Employees:
8FT, 10PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3200 sq. ft. in an upscale strip mall.
Competition:
A few other Japanese Restaurants, but none within 5 miles.
Growth & Expansion:
Continue on the path the owner has started because the location is still growing.
Financing:
no
Support & Training:
4 weeks at 20 hours per week
Reason for Selling:
Must return to California due to other commitments
Contact Seller

Contact the Seller

(from currently available funds)
 
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Melinda Tsang

Business Listed By:
Melinda Tsang

Sunbelt Business Brokers of North Alabama

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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