Profitable Restaurant in Springhill
Mobile
(Springhill), Alabama
Financials
Asking: $195,000
Gross: $423,780
Cash Flow: $89,485
Summary
Description
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.
General
Information
Year Established: 1988
About
the Sale
Financing: Partial seller financing is available to a qualified buyer
after down payment.
Reason Selling: Retirement.
Contact
Information
William Bruce, ABI
Sunbelt Business Brokers
Phone: 251.990.5910