Find a Business Opportunity
Listing Number: 3906
Alabama Restaurant with Real Estate
FOR SALE – OPPORTUNTIY KNOCKS! $879,000
Every now and then we see opportunities that could be a home run for the right Buyer. We believe that this is such a listing. The owner is retiring after fourteen years.
Buy the real estate, basically at market value, and get an operating restaurant.
A locally owned family restaurant in a 3,600 square feet standalone building with an acre of land and eighty plus parking places with Owner’s estimate of $100,000+ of Furniture, Fixtures, and Equipment.
The restaurant currently serves a buffet lunch only open four hours a day six days a week. Thirty tables and seating for 110 guests (can be expanded to 150). The result is Sales of $750,000+ in 2024 with over $125,000+ adjusted EBITDA (SDE). There are two managers and twelve part time employees.
What is the opportunity? Add Breakfast, add Dinner, and/or do catering, all of these are very doable with this well-rated business.
Southern cooking at its finest as mentioned by Southern Living magazine. The locals and celebrities go to this favorite eatery, rich with an exciting history and background!
Listing Broker
Roberta-Caputo
Founder & Managing Director
Phone: 954-596-8060
Email:
[email protected]
- Category: Restaurants
- Asking Price: $879,000
- Gross Sales: $757,715
- Cash Flow: $127,627
- County: Baldwin
- Area: Alabama
- FFE: $ 100,000
- Inventory: $1,000
- Real Estate: $879,000
- Employees: 2 - Full-Time 10 - Part-Time
- Facilities: 3,600 square feet stand-alone building with one acre of land and plenty of parking
- Relocatable? No
- Home Based? No
- Market Notes: Buy the Land and Building and you own an established restaurant with employees and equipment. No rent equals low overhead.
- Growth Notes: This is an excellent opportunity for a restauranteur. The business serves a buffet lunch five days a week excluding holidays (2024 was 247 days). Add Breakfast, add Lunch, and/or do catering. This is an opportunity to build on a great reputation to something much bigger.
- Support Training: To be negotiated
- Year Established: 2011
- Financing Terms: SBA financing with 20% down amortized over 25 years
- Reason for Selling: Retirement
- Inventory Included: Yes
- Is Franchise No
- Lender Prequalified Yes
- Absentee Owner No
- Selling Financing? No
- Is FEE Included? Yes