Southern Restaurant and event space
Business Description
ESTABLISHED SOUTHERN RESTAURANT & EVENT SPACE - AUBURN, AL
Prime opportunity to acquire a thriving Southern restaurant with event capabilities, strategically located adjacent to Auburn University campus. This established operation has built a large following since opening in 2024 generating strong revenue with significant untapped potential.
BUSINESS OVERVIEW:
This 4,000 square foot restaurant combines traditional Southern dining with event space functionality. The unique concept and prime campus location have created a competitive advantage in the Auburn market. Currently operated as an absentee-owned business, demonstrating strong operational systems and management structure.
FINANCIAL PERFORMANCE:
- Annual Revenue: $240,000
- Seller's Discretionary Earnings: $80,000
- EBITDA: $45,000
- Asking Price: $120,000
- FF&E Value: $100,000
- Inventory Value: $20,000
- Monthly Lease: $10,000
- Lease Term: Through August 2033
LOCATION & FACILITIES:
The restaurant benefits from its proximity to Auburn University, ensuring consistent foot traffic from students, faculty, and visitors. The spacious layout provides ample dining capacity while accommodating private events and gatherings.
GROWTH OPPORTUNITIES:
Substantial expansion potential exists through:
- Utilization of currently underused space
- Extension to late-night hours with liquor license acquisition
- Enhanced event booking capabilities
- Increased marketing to university community
FINANCING & TRANSITION:
Seller financing available with 20% down payment at 8% interest. Comprehensive support package includes two weeks of hands-on training from the current owner plus six months of consultation services as needed.
This turnkey operation offers immediate cash flow with exceptional growth potential in a proven location with established customer loyalty and unique market positioning.
Prime opportunity to acquire a thriving Southern restaurant with event capabilities, strategically located adjacent to Auburn University campus. This established operation has built a large following since opening in 2024 generating strong revenue with significant untapped potential.
BUSINESS OVERVIEW:
This 4,000 square foot restaurant combines traditional Southern dining with event space functionality. The unique concept and prime campus location have created a competitive advantage in the Auburn market. Currently operated as an absentee-owned business, demonstrating strong operational systems and management structure.
FINANCIAL PERFORMANCE:
- Annual Revenue: $240,000
- Seller's Discretionary Earnings: $80,000
- EBITDA: $45,000
- Asking Price: $120,000
- FF&E Value: $100,000
- Inventory Value: $20,000
- Monthly Lease: $10,000
- Lease Term: Through August 2033
LOCATION & FACILITIES:
The restaurant benefits from its proximity to Auburn University, ensuring consistent foot traffic from students, faculty, and visitors. The spacious layout provides ample dining capacity while accommodating private events and gatherings.
GROWTH OPPORTUNITIES:
Substantial expansion potential exists through:
- Utilization of currently underused space
- Extension to late-night hours with liquor license acquisition
- Enhanced event booking capabilities
- Increased marketing to university community
FINANCING & TRANSITION:
Seller financing available with 20% down payment at 8% interest. Comprehensive support package includes two weeks of hands-on training from the current owner plus six months of consultation services as needed.
This turnkey operation offers immediate cash flow with exceptional growth potential in a proven location with established customer loyalty and unique market positioning.
About the Business
- Years in Operation
- 2
- Employees
- 8 (4 Full-time, 4 Part-time)
- Facilities & Assets
- 2 spaces that are connected or can be separate. Large breakfast/lunch casual dining in one space. 2nd space is newly remodeled and being used for events/catering. Has large bar and could be a bar or restaurant
- Website
- https://www.southerngreensauburn.com/
- Market Outlook / Competition
- Prime location with unique concept
- Opportunities for Growth
- Expansion of under utilized space and possibility of late night hours with liquor license
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,000
- Rent
- $10,000.00 per month
- Lease Expiration
- 8/28/2033
About the Sale
- Seller Motivation
- Moving out of state
- Transition Support
- 2 weeks of training from previous owner with 6 months of consult if needed.
- Financing Options
- 20% down 8% interest
Listing Info
- ID
- 2450607
- Listing Views
- 19
Listing ID: 2450607 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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