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Bar B Que Resturant for sale in Montgomery County, AL

Montgomery County, Alabama (AL)

Asking Price: Gross: Cash Flow:
$ 75,000 $ 90,000 $ 22,750

Business Summary:
Owner ready to retire, must sell soon. Well established local Bar-B-Que restaurant; in business for 32 years. Great reputation, great client base. Located on a major road near downtown, close to Government buildings the Air Force Base and the Coliseum. This is a tremendous opportunity for the right new owner. Current owner is unable to maintain business; still making a profit but has the potential to increase much more. The owner is elderly yet still running the business therefore, they currently close at 5:30 p.m. They do not advertise the business. They have not updated the menu or facility in years. Has the capacity to seat 45 people but the space is greatly under-used. Sales price includes $50,000 worth of equipment including walk-in freezer, cooker/smoker, grill, and ice cream machine. New owner must purchase the real estate from the current owner for $150,000. Total sales price $225,000. Will consider any reasonable offer.

 

   
Year Business was Established: 1978
   
Number of Employees: 2  
   
Owner willing to finance: 75,000 down & All Cash, Must buy the real estate also for an additional $150,000  
   
Owner willing to train: yes  
   
Reason for selling: personal  
   
Seller Reference Number: 18064 Boyd III
BusinessMart.com Listing Number: 92141
 

 

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