Popular West Mobile
Restaurant & Bar
Mobile, Alabama
Financials
Asking: $180,000
Included in the Asking Price:
Furniture, Fixtures & Equipment: $55,000
Inventory: $4000
Gross: $274,369
Cash Flow: $36,825
Summary Description
This popular Mobile restaurant and bar is very well located on a major street
in West Mobile with a high traffic count. The restaurant is known for its
outstanding menu entrees at affordable prices in addition to baked sandwiches
and fresh signature salads. The business also does catering, a profitable
division that could be easily expanded.
The dining room is very nicely appointed with a warm and
comfortable ambiance. The kitchen is clean and fully equipped with all
equipment in good working order.
The out of town owner has made the decision to sell which offers
an excellent opportunity for a local owner to profit from a well-known name in
Mobile. All recipes transfer in addition
to all furniture fixtures and equipment. Long term, trained employees are in
place and vendor relationships are already established.
For additional details on this restaurant, please contact William
Bruce at (251) 990-5910 or [email protected].
General Information
Year Established: 2002
Employees: 4
Facilities: The restaurant operates from a highly visible location of
2,400 square feet on a main traffic artery. The monthly rental is a most
reasonable $2,224 per month including CAM, taxes and insurance. There is one
year left on the current lease term with several options to renew for
additional terms.
Market Outlook
Growth and Expansion: Moodys Research Group recently predicted that the
Mobile / Baldwin economy would have the fastest growth rate over the next five
years of all 363 metro areas in America! Additionally, Mobile was named by
Entrepreneur Magazine as the number one city in the U.S. to start or grow a
business. With the selection of Mobile County by TyssenKrupp, the largest steel
processing plant in the history of this country, the future looks bright for
Mobile as the national economy recovers.
About the Sale
Financing: Negotiable
Support/Training: The owner is committed to a seamless transition and
will thoroughly train a new owner in all aspects of the business.
Reason Selling: Geographic divestment (out of town owner)
Contact Information
William Bruce, ABI
Sunbelt Business Brokers
Phone: 261.990.5910
Write: