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Business-only now Available! High Net Profit Restaurant in Birmingham

Birmingham, AL (Jefferson County)

Business-only now Available! High Net Profit Restaurant in Birmingham
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Asking Price: $549,000

Cash Flow: $230,125

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Business-only now Available! High Net Profit Restaurant in Birmingham

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Business Description

Business-only is now available for $549,000 + inventory! The right buyer only needs 20-25% down payment ($110,000 to $137,000) to secure an SBA business-only loan! Rent will be $6,500 NNN per month with a 15-year lease available. Buyer will net about $90,000 per year assuming no improvement to the business! Attached P&Ls only reflect property purchase and do not include rent.

Appraisal was done just a few months ago that valued the property and business of a going concern at $1,500,000! First and third page of the appraisal are attached! Sellers are only asking $1,200,000 because of serious medical problems, they wish to retire to their home country! Just bring $200,000, which is less than 20%, to make the deal work! We have a bank ready to loan the rest of the money!

Sellers are in the process of completing all renovations and image upgrade needed by Church's corporate including changing the dining room furniture and all exterior signs. So new Buyer will not have to worry about anything and will start making money right away.

Sellers are absentee owners, therefore their labor cost is about $165,000. An owner-operator could reduce that cost substantially!

Located off a major Highway near the Interstate!

Business-only is now available for $549,000 + inventory! The right buyer only needs 20-25% down payment ($110,000 to $137,000) to secure an SBA business-only loan! Rent will be $6,500 NNN per month with a 15-year lease available.

Buyer will need to become a Church's Franchisee.

If interested, please call us anytime at 770-415-9940

Detailed Information

Location:
Birmingham, AL
Growth & Expansion:
Located off a major Highway near the Interstate!
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Kavita Purohit

Business Listed By:
Kavita Purohit

River Brokers Real Estate

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