Listing Number: 86715-620905
Description
****REDUCED PRICE WITH SOME SELLER FINANCING*****
The business is an existing specialty fast casual restaurant with a full bar serving mainly fresh affordable high-quality food and drinks to patrons. The location is highly visible surrounded by extremely high demographics to further support growth in sales. The restaurant has a strong following of clientele with an established brand creating a reoccurring customer base providing consistent same day sales activity.
The business has a ready-made staff with existing management in place, which could be a great opportunity for an absentee buyer. The restaurant location has seating capacity of 140 or more to further support additional sales. The kitchen/bar equipment is only over a year old and in great working condition while the company has established vendor relationships with premier food suppliers, further helping them achieve higher sales and gross profit margins. The company invested over $800K or more in the location between TI improvement, new furniture fixtures and equipment along with new software to further improve operational efficiency.
The restaurant has an above industry digital following through social media platforms, which due to brand they continue to increase their followers each year. The seller is offering some seller financing for 20% of the total listing amount that is affordable to a new buyer, however subject to final review and approval.
Listing Details
- Price: $550,000
- Down Payment: $440,000
- Sellers Discretionary Earnings: $124,426
- Total Sales: $1,506,014
- Location: Jefferson County, Alabama
- Inventory: $14,145
- FF&E: $434,241
- Employees:
- Year Established: 2014
- Reason for Selling: Focusing on Franchising
- Category: Restaurants
