Pictures are stock images and are not indicative of the actual business.

Asking Price
$150,000

Annual Cash Flow N/A

Annual Revenue $537,000


EBITDTA:

FF&E: 150,000

Ref ID: N839-LC

Established: 2016

Business Description

Asset Sale for a first class facility in an excellent location with good visibility and plenty of parking. This restaurant has been open only 20 months and for the 12 months in 2017 sales were $537,000. Eight month sales for 2018 is $330,000. They offer a large and varied menu selection; the full service kitchen is only open from 6 AM to 2 PM. After 2:00 it operates as a coffee shop. This is ideally suited to most any type of restaurant and bar that you may want to create with hours to suit. Located on busy Highway 98 in Daphne in a complex of 5 other food service businesses.

Very new inside and extremely well decorated with upscale counters and seating. Unique fire pit area with leather seating for 8. The main dining area has seating for 32 plus 6 high top tables near the window. The 3 counter areas have seating for an additional 24. This also has an outside covered patio with seating for 16. You will find 3 TV's placed throughout. Plenty of room to add additional seating.

The kitchen is also new with plenty of prep and cooking area. Walk in freezer and cooler and an office area near the back with complete camera coverage of the entire facility. This restaurant also has an important drive up window with large outside menu board.

The owner spent over $300,000 to do the build out and to furnish this location with all of the equipment; this turn key operation is now offered for only $150,000. This became available only because of a license conflict with other locations under the same ownership. Move fast as this will not last long. The conflict is due to Alabama liquor license law that prevents just this owner from obtaining a liquor license. The best use of this facility should include an active bar.

Detailed Information

State:AL

Listing Agent:Lanier Chew

Inventory: Included in asking price

Real Estate: 2,500 sq. ft. lease space, $5,700 per month

Building SF: 2,500

Employees: 13 FTE

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

City:Daphne

Phone:251-802-0516

Support & Training: Seller will negotiate a transition period

Reason for Selling: Business Conflicts