Overview: This Shoney's restaurant has been a consistent revenue producer with a very loyal regular clientele in Dothan, AL. since the late 1970' s. The site has fantastic exposure from US Highway 231 also known locally as Ross Clark Circle and contains excellent ingress and egress. This is a free standing building and does not share parking. There is a local strip center adjacent to the property and there are two hotels directly behind the restaurant. The property is a one story, table-service restaurant totally remodeled in 2012. The restaurant seats approximately 142 people and includes a private dining area seating 50 people. Construction details include a wood frame structure on a concrete slab, with a combination wood, brick veneer exterior with an asphalt shingle roof. Ceilings are drop-tile with florescent and incandescent lighting fixtures. Flooring is primarily carpeting and ceramic tile throughout. There are decorative, suspended and wall mounted lighting fixtures in the seating areas. Everything is fully up to code and in excellent condition.
Daily Traffic Count is Appx. 34,000 vehicles per day The building was built in 1992. The total parking area contains appx. 95 individual spaces. The property has 240 front feet on US HWY 231 / Ross Clark Circle. The property offers pylon signage and signage on the building. The Annual Property Taxes are $6,627.06 Lease: Existing NNN Lease until 3/21/2021 with (2) five year options to extend. Rental escalations occur in Years 2013 and 2018. (A copy of the lease is available upon receipt of an acceptable Letter of Intent.): Fully equipped and functional kitchen. An equipment inventory list w/ valuations is available ($132,062.50) Sale contingent upon approval and assumption of existing lease as well as the full release of liability of Owner by Landlord; upon Shoney' s approval, franchise assumption and full release of liability of Owner by Franchisor. Purchase Price of $225,000 includes all equipment "AS IS" but excludes petty cash, food, and supplies. Buyer to spend the required time with the Franchisor to learn the Shoney' s systems for maximum productivity and financial success
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