$199,000

Net Profit is $137K Yearly! Restaurant Business-only in Birmingham, AL! Extremely High Traffic Count!

Yearly sales are average $660,000!

Net profit is over $137,000 per year AFTER paying $182,000 in Payroll and rent as well as all other expenses!

2 cooks full-time are paid $96,200 per year and the Seller’s two brothers run the restaurant. One brother works from open to close and the other brother is part-time from 1pm to close. If you replace the brothers with employees to work the same hours, with a pay of $13 per hour per employee, then that would equal to an average of $22.75 payroll per hour, which totals to $85,176. Therefore, the expected payroll for the business is $96,200 + $85,176 = $181,376.

Base Rent is ONLY $2,900 NNN per month with the lease set to renew in December 2024 with a 5-year renewal option!

Located in Metro-Birmingham, AL!

Near to Thompson High School with over 2,000 students, Mitchell Cosmetology College, AMSTI, and University of Montevallo. Also near to a Heart Hospital and Shelby Baptist Medical Center.

Surrounded by various apartment complexes like Huntley Apartments, Meadow View, The View Apartments, Fox Valley Apartments, Meadow Wood Apartments, and Canopy Park Apartments.

Only 7 miles from a new community development that will cover 456 acres and bring roughly 970 new homes to the area!

Extremely High Average Traffic Count of 31,070 vehicles passing by the restaurant each day!

Asking Price for Business-only: $199,000 plus inventory! Inventory is roughly about $5,000 at cost.

If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com

Details

Price : $199,000
Property Type : Business-only
Purpose : Rent
Status : Available
Address : Alabaster, AL
State : AL
City : Alabaster

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