Reason for Selling:
Owner is changing careers
Overview of the Business:
Priced at $50,000. Opened 2/08. This unit is located in the hottest new shopping centers in Tuscaloosa, Midtown Village, a mixed-use commercial real estate development. Owner is motivated to sell this unit. Make an Offer! Average Weekly Revenue is more than $7,000 with Annual Cash Flow of $40,000.
Great retail brands in the shopping center like Barnes & Noble, Old Navy, Coldwater Creek make it a great place to attract customers.
Property Features and Assets:
Located in the very popular Midtown Village Shopping Center on McFarland Boulevard. The daily traffic count is more than 50,000 cars. The store has only been open for two (2) years, and the equipment is practically brand new. The FF & E is nearly $85,000. recently negotiated a reduced monthly rent with the landlord.
Market Competition and Expansion:
Major competitors in the trade area include Arby’s, Five Guys Famous Burgers & Fries, Checker’s, and Panera Bread. Great retail brands in the shopping center like Barnes & Noble, Old Navy, Coldwater Creek make it a great place to attract customers. Awesome location for deliveries & curbside service potential during business hours and at dinner time with homes, business park and schools nearby.
Additional Details: