Classic and Iconic Local Restaurant With Real Estate SBA 504 Approved
Daphne, AL
| Asking Price: | $850,000 |
| Gross Revenue: | $690,000 |
| FF&E: | $135,000 |
| Cash Flow: | $90,000 |
| Inventory: | $10,000 |
| Real Estate: | $650,000 |
Listing ID: 2172244Listing provided by BizBuySell
BUSINESS DESCRIPTION
Buy The Restaurant With A Proven Track Record!
Want into the restaurant business with loyal, repeat customers at the door?
This is the opportunity you've been looking for! This restaurant is an old-school southern style restaurant with all the delicious home-style food that comes with it! Beloved by its community, this location is a favorite for holidays and special events, with Sunday lunch always being packed!
This restaurant is where the community goes to celebrate family and being together.
With a full staff and recently renovated, this is an excellent, turn-key opportunity.
DETAILED INFORMATION
Location
Daphne, AL
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
72,000 sq foot lot with paved parking lot. Building is 7,000 sq foot with the restaurant on the first floor and the top being an apartment to rent out.
Competition
No one does their kind of food the same way in this area.
Growth & Expansion
Open for more hours. This restaurant is not open for many hours and hasn't been for a few years now due to the owners taking a step back.
Support & Training
Owners are willing to stay on to train for 30 days.
Reason for Selling
More family time.
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