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Fairhope Restaurant Offers Best of Both Worlds
| Asking Price: | $165,000 | Inventory: | $2,000 ++ |
| Gross Revenue: | $365,637 (comments below) | Real Estate: | n/a |
| Cash Flow: | $20,097 (comments below) | FF&E: | $50,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2008 Tax Return | |||
| Cash Flow Comments: 2008 Tax Return | |||
Enjoy the best of both worlds with this investment: (1) the City of Fairhope and (2) a country setting. This location has a decades long history as a restaurant. The current owner has carved out a niche among local diners and is currently doing well over $300,000 annual gross volume.
The restaurant’s informal ambiance and great food are enjoyed by a loyal base of local customers plus many visitors to the area for both lunch and dinner. The menu is oriented towards local seafood, but other items are also offered. The daily chalkboard specials are very popular. The business has a full liquor license.
The restaurant offers an excellent platform for growth as the economy recovers and the local area continues to grow. A new owner could take this existing customer base, expand the menu, possibly offer breakfast, add catering, do some effective marketing and take the restaurant to its next level of performance.
The 3,000 square foot location is leased for a most reasonable $1,000 per month from an unrelated party. The facility is fully equipped in the bar area, the dining room and the kitchen. A new and extended lease term is available for the new business owner.
The owner’s personal situation has changed and he has decided to sell the restaurant. His decision opens the door for a new owner to benefit from this opportunity. The seller is committed to a seamless transition and will fully train a new owner in all aspects of the business.
Invest in this business and live near the Gulf Coast with sugar white beaches, clear blue water, championship golf, world-class fishing, an excellent educational system, outstanding dining and shopping and many points of local interest. The Baldwin County market was recently ranked by Policom, a firm that studies local markets, as the 11th strongest micropolitan economy in America and the number one local market in the 6 state region! This is out of the 674 local markets studied by Policom.
For additional information on acquiring this restaurant, please contact William Bruce at (251) 990-5910 or by email at WilliamBruce@bellsouth.net.
The restaurant’s informal ambiance and great food are enjoyed by a loyal base of local customers plus many visitors to the area for both lunch and dinner. The menu is oriented towards local seafood, but other items are also offered. The daily chalkboard specials are very popular. The business has a full liquor license.
The restaurant offers an excellent platform for growth as the economy recovers and the local area continues to grow. A new owner could take this existing customer base, expand the menu, possibly offer breakfast, add catering, do some effective marketing and take the restaurant to its next level of performance.
The 3,000 square foot location is leased for a most reasonable $1,000 per month from an unrelated party. The facility is fully equipped in the bar area, the dining room and the kitchen. A new and extended lease term is available for the new business owner.
The owner’s personal situation has changed and he has decided to sell the restaurant. His decision opens the door for a new owner to benefit from this opportunity. The seller is committed to a seamless transition and will fully train a new owner in all aspects of the business.
Invest in this business and live near the Gulf Coast with sugar white beaches, clear blue water, championship golf, world-class fishing, an excellent educational system, outstanding dining and shopping and many points of local interest. The Baldwin County market was recently ranked by Policom, a firm that studies local markets, as the 11th strongest micropolitan economy in America and the number one local market in the 6 state region! This is out of the 674 local markets studied by Policom.
For additional information on acquiring this restaurant, please contact William Bruce at (251) 990-5910 or by email at WilliamBruce@bellsouth.net.
About the Sale
Seller Financing:Seller will consider financing this investment for a qualified buyer with down payment.
KEYWORDS: fairhope, mobile, daphne, alabama, restaurant, bar, pub, seafood, steaks, poboys,
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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. Please review the full Disclaimer here.
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