2018 Appraisal at $1.5M! Church's Chicken in Birmingham!
Listing was updated at: 06/04/2019
Property Overview
Price/Rent PSF $ 1,099,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 1
Date Available 04/08/2019
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Description

Appraisal was done in 2018 that valued the property and business of a going concern at $1,500,000! Sellers are only asking $1,099,000 because of serious medical problems and their wish to retire to their home country! Just bring 20% to the table or $200,000 to make the deal work! Sellers are absentee owners, therefore their labor cost is about $165,000. An owner-operator could reduce that cost substantially! Located off a major Highway near the Interstate! 2016 Gross Revenue: $815,000. Net Profit: $200,000.  2017 Gross Revenue: $860,000. Net Profit: $240,000. 2018 Gross Revenue: $870,000. Net Profit: $230,000.

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