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Fairhope Restaurant, PRICE REDUCED & FINANCING
| Asking Price: | $195,000 | Inventory: | $3,000 ++ |
| Gross Revenue: | $633,186 (comments below) | Real Estate: | n/a |
| Cash Flow: | $108,737 (comments below) | FF&E: | $75,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2008 (2009 is tracking comparable to 2008) | |||
| Cash Flow Comments: 2008 (2009 is tracking comparable to 2008) | |||
Price reduced to $195K as of September 1st on this established Fairhope restaurant with a motivated seller who will consider financing part of the investment.
The restaurant has a huge local following and is very popular with the many visitors to the area. The restaurant has a solid track record for many years of revenue and cash flow to the owner.
With its strategic location, a trained staff already in place, proven menu and reasonable rent, the restaurant offers an excellent opportunity and platform for growth.
Invest in this business and live in one of the most beautiful communities in America with many local amenities, world famous artists and writers, championship golf, world-class fishing, and an excellent educational system.
Additionally, the Baldwin County market was recently ranked by Policom Economics, a national 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 of the 674 local markets studied by Policom.
Please call or email William Bruce for additional details, as a restaurant with this price, location and track record will not be on the market for very long.
The restaurant has a huge local following and is very popular with the many visitors to the area. The restaurant has a solid track record for many years of revenue and cash flow to the owner.
With its strategic location, a trained staff already in place, proven menu and reasonable rent, the restaurant offers an excellent opportunity and platform for growth.
Invest in this business and live in one of the most beautiful communities in America with many local amenities, world famous artists and writers, championship golf, world-class fishing, and an excellent educational system.
Additionally, the Baldwin County market was recently ranked by Policom Economics, a national 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 of the 674 local markets studied by Policom.
Please call or email William Bruce for additional details, as a restaurant with this price, location and track record will not be on the market for very long.
About the Business
Facilities:Facility is leased from an unrelated party for $3,100 plus 1% of gross per month. Total rent paid in 2008 was a most reasonable 6.6% of total revenue.
Market Outlook and Competition:There are many avenues of expansion for this particular restaurant with its excellent reputation. Growth possibilities include expanded business hours, additional menu / drink offerings plus catering. In addition, Baldwin County, Alabama was recently named the strongest local economy in a six state region.
About the Sale
Management Training and Support:The seller will fully train a new owner in all aspects of the business. Additionally, a fully trained staff is already on board and would like to stay with a new owner.
Seller Financing:Seller will consider financing a portion of this investment after down payment for a qualified party.
KEYWORDS: fairhope, gulf shores, pensacola, mobile, alabama, florida, orange beach, restaurant, plate, country, cooking,
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State: Alabama
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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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