MergerPlace

Restaurant - Lunch Cafe

Alabama (Mobile)


  • Asking Price: $150,000
  • Gross Income: $270,579
  • Cash Flow: $24,435
  • Real Estate: Not Disclosed
  • Inventory: $2,894
  • FF&E: $27,806
  • Listing ID: #197106
  • Established: 2001
  • Employees: 8 PT

Business Description

Restaurant has been in operation for more than 6 years under current ownership and has been open for more than 15 years in this affluent neighborhood. This profitable restaurant is located in the heart of Spring Hill, the most affluent area of Mobile. It is currently open 5 days a week for lunch. It offers an excellent platform for growth with potential for breakfast and dinner as well as weekend operation. It is in one of the best locations for upscale dining. Even now, with limited menu and limited hours of operation, revenues are close to $300,000. The owner is ready to retire which opens an opportunity for a new owner with energy and ideas. The lease has approximately 4 1/2 years left and can be assigned.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Alabama
County: Mobile

Company Information

Year Established: 2001
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 8 PT

Financial Information

Asking Price: $150,000
Gross Revenue: $270,579
Cash Flow: $24,435
FF&E: $27,806
Inventory: $2,894
Seller Financing Available: No

Property Information

Facilities:

The facility includes seating capacity for more than 75 people.

Growth & expansion opportunities:

There is significant potential for growth through social media marketing and 7 day operation with breakfast, lunch and dinner.

Competition:

There is limited competition in this area. The area has a college and a high school, several churches and affluent neighborhoods.

Reason for selling:

Owner is retiring.

Support & Training:

Will train for 4 weeks @ no cost. A full lunch menu consisting of soups, sandwiches and made to order items. Some catering is presently done and restaurant has a specialty in Home Made Casserole Freezers.

Contact Business Seller

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Business Listed By:

Saty Putcha

Murphy Business Brokers