Aladdin's Middle Eastern (Concept can be changed)

Business Opportunity for Sale
Catylist Listing ID: 30721876
Property Subtypes: Food and Beverage
Building Size (RSF): 2,500 SF
Sale Price: See Agent
In Opportunity Zone? Yes
Name of Establishment: Aladdin's
Business Website Address: https://aladdinsindiana.com/
Year Business Established: 2012
Gross Revenue: $448,000 (Annual)
Cash Flow: $0 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Sale Terms: Cash to seller
Last Updated: 11/14/2022

Overview / Comments

Excellent space with all equipment sub 5 years. Business has MANY opportunities to increase revenue, currently open 5 days a week, will little alcohol sales. New City of New Albany building is up and lunch business is booming. This area qualifies for the 3-way RiverFront liquor license, only $1,000/year

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Industry Segment: Restaurants
Reason for Selling: Retiring
Value of Inventory Included ($): $50,000
Value of Furniture, Fixtures, and Equipment ($): $125,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Great low priced lease
Employee/Labor Description: Roughly 50-75 seats, depending on set up, outdoor courtyard is beautiful and under used.
Mgmt/Training Support Description: Seller will train recipes, etc.
Competition/Market Description: Excellent market food food and beverage industry. Several concepts from Louisville have expanded to this New Albany market-to name a few-Dragon's King Daughter, Agave & Rye, RecBar, Monnik Beer, Parlour Pizza, etc.
Growth/Expansion Opportunities: Expand hours and days open. New City of New Albany building within steps. No real alcohol presence, area qualifies for 3-way liquor license-$1,000/year
Seller Financing Description: TBD

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,148 83,866 185,807
Median Age: 35.28 36.4 36.61
Households: 5,930 34,310 77,450

Contact

Photograph of Listing Agent

Matthew L Conway

Conway & Associates KCREA Member
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