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- RE: Turnkey, Profitable Restaurant On A 6-Lane Road
- Contact: Lauren Wingrove
Quick Facts
Asking Price: | $125,000 | |
Annual Revenue: | $281,331 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $32,931 | |
Total Debt: | Not Disclosed | |
FF&E: | $118,908 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | 4 | |
BBN Listing #: | 951993 | |
Broker Reference #: | 5182-711270 |
Business Overview:
This full service restaurant has been in the same location for over 40 years and is famous for its Southern style flavor and cordial service. A local favorite that is scalable thanks to the growing area and lack of venues available. Room to grow profits and size of restaurant thanks to its location on a high traffic 6 lane highway with high visibility and lots of parking available. A favorite with the early breakfast (contractors, etc.) and lunch crowd.
Recipes from the Owner's childhood, and which have garnered this area favorite a great reputation are included with the sale. Coolers, storage building, and everything needed to make this a true turnkey opportunity are included. With a reputation for great Southern cuisine, it would be beneficial to a new Owner to expand seating and catering opportunities. Several large corporations are located minutes from the restaurant and because of its location to an increasing number of high income communities and golf courses, the opportunity to grow is endless. Many of today's families are increasing their use of meal delivery. With the addition of dinner and weekend breakfasts, a solid lift in profits are attainable.
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Property Features and Assets:
This renowned, old fashioned Southern-style restaurant has been in business almost 50 years and was bought by the current owner in the 1980s. It has been routinely updated as needed. Great brand awareness as many locals are familiar with the restaurant. The recipes for the dishes were passed down from the Owner's grandmother.
There is no other full-service restaurant providing Southern cuisine in the area. This is a genuine sit down and enjoy the food and ambience of locals opportunity.
Market Competition and Expansion:
Currently open for breakfast and lunch only, but could be opened for dinner as well. Some updating may be desirable but the FF&E is in good shape and ready to be run as is. Additional marketing would be valuable with radio and billboards which are not being currently implemented.
Reason for Selling:
retirementAdditional 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
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