Specialty Fast Casual Business For Sale
Not Disclosed, AL Madison County
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- RE: Specialty Fast Casual Business For Sale
- Contact: Philip Webb
Quick Facts
| Asking Price: | $598,000 | |
| Annual Revenue: | $1,308,764 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $115,375 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $280,800 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2019 | |
| Employees: | 17 | |
| BBN Listing #: | 97758883 | |
| Broker Reference #: | 86715-678465 |
Business Overview:
The business is a specialty fast casual restaurant with a full bar serving mainly Mexican gourmet food while having an entertainment venue. The company provides different entertainment on weekends, which along with food and bar sales have increased their sales year after year thus creating an established reoccurring customer base and consistent same day sales activity.
The business has a ready-made staff with existing management in place, which is a great opportunity for an absentee buyer. The restaurant location has good visibility and higher seating capacity of 500 or more to further support additional sales. The kitchen/bar equipment is in good working condition while the company has established vendor relationships with food suppliers, further helping them achieve improved year-over-year gross profit margins. The company invested into a self-serve software system for its bar sales providing additional efficiency for the staff while providing accurate financial record keeping.
The restaurant has a digital following through social media, which they continue to increase their followers each year. The seller is offering some seller financing for 20% of total, however subject to final approval.
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Property Features and Assets:
Monthly Rent: $7,700.00 Square Units (Foot, Meter): 5,000 Lease Expiration Date: May 30, 2024, 10:00:00 PM Terms Options: 5 year NNN with 5-year one-year option, Total rent includes monthly CAM of $200. Facilities: Located in a highly popular visible mixed use entertainment area.
Market Competition and Expansion:
Expansion: • Add lunch menu. • Add more digital marketing support. • More Catering • More entertainment partner with concert venues and corporate events • Adding a Food Truck and selling to the Military, Medical, FBI and other institutions. • Franchise Development for the business and trademark
Reason for Selling:
Focusing on other interests.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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