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1428 Forestdale Blvd
Birmingham, AL 35214

Business w/ Property Available at 15%Cap Rate · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
2,730 SF
Building Class
C
Year Built
1984
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.74 AC
Zoning
C1
Frontage
142 FT on Forestdale Boulevard

Amenities

  • Pylon Sign

About 1428 Forestdale Blvd , Birmingham, AL 35214

Seller has officially completed all reimage requirements for the franchise! Buyer does not have to worry about any renovation requirements from the franchisor for the next 5-7 years! Appraisal was done just a few months ago that valued the property and business of a going concern at $1,500,000! First and third page of the appraisal are attached! Sellers are only asking $1,200,000 because of serious medical problems, they wish to retire to their home country! Sellers are absentee owners, therefore their labor cost is about $165,000. An owner-operator could reduce that cost substantially! Located off a major Highway near the Interstate! 2016 Gross Revenue: $815,000. Net Profit: $200,000. ? 2017 Gross Revenue: $860,000. Net Profit: $240,000. 2018 Gross Revenue: $870,000. Net Profit: $230,000. 2019 Gross Revenue is $925,000! Asking Price for Property and Business is $1,200,000. Appraisal is $1,500,000! Buyer will need to become a Church's Franchisee. If interested, please email your full name and best contact number to info@riverbrokers.com

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-00-18-2-010-048.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$142,160
  • Listing ID: 13050440

  • Date on Market: 7/2/2018

  • Last Updated:

  • Address: 1428 Forestdale Blvd, Birmingham, AL 35214

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