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Asking Price
$1,300,000

Annual Cash Flow $196,000

Annual Revenue $1,626,000


EBITDTA:

FF&E: $75,000

Ref ID: APM1948

Real Estate: $1,140,000

Established:

Business Description

These family owned famous restaurants known for Fried Chicken and Seafood have been under the same name for 34 years with an excellent reputation for great fried chicken and vegetables. Known for home style cooking, vegetables, fried chicken, Po Boys, and the daily, all you can eat, buffet. The drive through windows are robust income producers. In 2020 the business grossed $1.6MM with a cash flow of $196K from the two locations.

Business Attributes

Both restaurants are centrally located in high traffic areas, which contributes to excellent advertising visibility. The real estate is included and positioned on major north/south highways with residential neighborhoods nearby. Both have large parking lots. One facility is 6,400 square feet and seats about 104, and the other is 2,400 square feet and seats about 24. The estimated value of the real estate is $1,140,000. Building 1 has 2 to 3 office spaces located on the second floor, each with a private bath, and would generate additional income. With the real estate's estimated value at over $1,140,000 and a cash flow of $196,000 (2020), this business offers an excellent value and opportunity for you to work and live in a fast growing area and be near the beaches.

Detailed Information

State:AL

Listing Agent:Andre Martineau

Inventory: Included in asking price

Real Estate: Real estate Located in two locations

Building SF: BUilding 1 is 6400 SF, Building 2 is 2400 SF

Employees: 24 FT 10 PT

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Phone:251-424-3517

Facilities: Both have large parking lots. One facility is 6,400 square feet and seats about 104 and has three rentable office spaces on second floor, each with private bath.

Support & Training: 2 Weeks

Reason for Selling: Retiring

Growth & Expansion: The business needs a more active web presence and an online menu.

Financing: Owner financing available to qualified buyer

Competition: • The restaurants are strategically located in high-traffic areas close to neighborhoods. The restaurants have won best in Baldwin County for the last two years.