Local Restaurant Opportunity - Motivated Seller

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Restaurants & Food Businesses for Sale

  • Primary Category: Bars, Pubs & Taverns for Sale

Located on Hwy 31 in Hoover, Alabama, this 2,000 sq. ft. Restaurant has 13 dining tables and seats 10 at a bar. Renovations were done in 2022 and includes a brand new AC unit and water heater.

Roughly 800-900 sq. ft. is dedicated to a fully decked out kitchen area. Owner is ready to retire. Interested? Call Rick Gilmore 205-369-5584 or email [email protected]

Financial Information

  • $59,000 Asking Price
  • $83,400 Cash Flow
  • $261,120 Gross Revenue
  • N/A Down Payment

Business Location

  • City: Hoover
  • State: Alabama

Reason for Sale

  • Retirement- Owner will consider all offers and wants to move quickly .

Detailed information

  • Year Established: 2007
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Lender Prequalified: No
  • SBA Prequalified: No
  • Full-Time Employees: 2
  • Part-Time Employees: 1
  • Contractors: N/A
  • Owner Worked Hours/w: 39
  • Adjusted EBITDA: N/A
  • Inventory Included: Yes
  • Inventory Value: $2,000
  • Monthly Rent: $2,897
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Building Size: 2000
  • FF&E Included?: Yes
  • FF&E Value: $52,856

Training/Support

  • Owner would stay on for a reasonable transition period and would offer a discounted price for not having to train.

Market Outlook/Competition

  • This is a prime opportunity to buys a going concern at a discount and easily grow the revenues. After 30 years the seller values time off off as much as a busy Friday. Last year they were closed for vacation 6 weeks in the summer and 4 weeks on the holidays and every holiday on the calendar
Business Listed by
image of Rick Gilmore
Rick Gilmore
Sunbelt of Birmingham
Email Rick
Show Phone Number
Listing ID
BIRMIAL001-52925

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