Restaurant - Lunch Cafe

Business
  • Listing# : 12738
  • Listed Price : $150,000
  • Total Sales : $270,579
  • SIC : 722513
  • Down Payment : $150,000
  • Status : Expired
  • Discretionary Earnings : $24,435

Business Type :

Restaurants / American Restaurant, Restaurants / Cafe Type Eatery

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.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $2,894
    • Incl : Yes
    • Liabilities $75,035
    • Incl : No
    • FF&E $27,806
    • Incl : Yes
    • Other: $67,760
    • Incl : Yes
    • Leasehold $0
    • Incl :
    • Total Assets $98,460
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Restaurants