Business Summary:
This popular restaurant and bar is very well located on one of busiest streets in West Mobile. The restaurant is known for serving quality food at reasonable prices. The business also does catering which is a profitable division that could be easily expanded. The dining room and bar area is very nicely appointed with a warm and comfortable ambiance. The kitchen is clean and fully equipped with all equipment in good working order. The owner is from out of town, and is finding that the commute of several hours a day (with current gas prices!) is becoming too much for him. The situation offers an excellent opportunity for a local owner to profit from a well-known brand.
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| Year
Business was Established: 2002 |
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| Facilities / Terms of Lease:
The business is located on a busy street in a high visibility shopping center. The restaurant / bar facility is approximately 2,400 square feet leased at a very reasonable $2,224 per month. |
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| Potential
Growth/Expansion:
Mobile was recently predicted by the respected Moody’s Economic Research Group to have the fastest growth rate over the next 5 years of all 363 metropolitan markets in America. Additionally, Mobile was named by Entrepreneur Magazine as the number one city in the country to start or grow a business. With the groundbreaking in Mobile County of the largest steel processing plant in the history of America, the area is positioned to grow like never before. The steel plant alone is expected to employ 29,000 workers during the five year construction phase. And there are other industrial development announcements being made monthly. It’s an exciting time to be in Mobile! |
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| Owner
willing to train:
The seller will thoroughly train a new owner in all aspects of the business. |
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| Reason for selling:
Geographic divestment. |
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Seller Reference Number: bm765463909
BusinessMart.com Listing Number: 45690 |
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