000 In Earnings For This Montgomery Alabama Restaurant For Sale!, Montgomery, AL 36106
- Retail properties & Spaces
- 1,647 SF
Current Use by Public Records
- Retail properties & Spaces
Property Details for 000 In Earnings For This Montgomery Alabama Restaurant For Sale!
- Year built
- 2017
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This thriving Montgomery, Alabama restaurant is a fantastic investment opportunity. Generating over $152,000 in adjusted earnings from over $1.2 million in sales in 2023, this established business boasts a strong track record. The 1,647 square foot space features 61 indoor and 38 outdoor seats, accommodating up to 99 diners. A fully equipped kitchen, including a fryer, six-burner stove, flat top, and extensive refrigeration, is included in the sale price. The current lease, at a favorable rate of under $4,000 per month, includes all CAMs and taxes and extends until February 2025. Located in a high-traffic area with ample parking and a median household income of $54,166, this restaurant benefits from a strong customer base and minimal competition. The business is a turnkey operation, ready for a new owner to step in and continue its success. Established in 2017, it currently employs 25 people. The sale includes a comprehensive inventory of equipment and furnishings, from kitchen appliances and tableware to bar supplies and a security system. SBA lending is available for qualified buyers. This is a rare chance to acquire a profitable, established restaurant in a prime location. Inventory is not included in the asking price of $380,000.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2413
- Latitude
- 32.3513
