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- LoopNet Team
1428 Forestdale Blvd
Birmingham, AL 35214
Business w/ Property Available at 15%Cap Rate · Retail Property For Sale
PROPERTY FACTS
Amenities
- Pylon Sign
About 1428 Forestdale Blvd , Birmingham, AL 35214
Seller has officially completed all reimage requirements for the franchise! Buyer does not have to worry about any renovation requirements from the franchisor for the next 5-7 years! Appraisal was done just a few months ago that valued the property and business of a going concern at $1,500,000! First and third page of the appraisal are attached! Sellers are only asking $1,200,000 because of serious medical problems, they wish to retire to their home country! 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. 2019 Gross Revenue is $925,000! Asking Price for Property and Business is $1,200,000. Appraisal is $1,500,000! Buyer will need to become a Church's Franchisee. If interested, please email your full name and best contact number to info@riverbrokers.com
PROPERTY TAXES
| Parcel Number | 22-00-18-2-010-048.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $204,038 |
PROPERTY TAXES
