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Waterfront Restaurant in Baldwin County
| Asking Price: | $600,000 | Inventory: | |
| Gross Revenue: | $2,047,202 (comments below) | Real Estate: | $850,000 ** |
| Cash Flow: | $216,601 (comments below) | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2008 | |||
| Cash Flow Comments: 2008 | |||
This outstanding waterfront restaurant, bar and entertainment venue is well-established and has become a regional institution AND THE PRICE HAS JUST BEEN REDUCED FROM $995,000.
Many popular menu items have become signature dishes, with customers traveling for many miles just to have lunch or dinner. And because of the entertainment, the establishment is a “must attend” weekend stop for many fun loving residents and visitors to the area. In total, business enjoys a reputation as a fun place for outstanding dining and entertainment while producing impressive profits for its owner.
The proven waterfront location, impressive track record of gross revenue and cash flow to owner, the trained staff, the popular recipes and the strong local economy make this business a very attractive investment.
For additional details on acquiring this business, please call or email William Bruce at (251) 990-5910 or WilliamBruce@bellsouth.net. (A confidentiality agreement and financial statement is required to receive information on this acquisition opportunity.)
Many popular menu items have become signature dishes, with customers traveling for many miles just to have lunch or dinner. And because of the entertainment, the establishment is a “must attend” weekend stop for many fun loving residents and visitors to the area. In total, business enjoys a reputation as a fun place for outstanding dining and entertainment while producing impressive profits for its owner.
The proven waterfront location, impressive track record of gross revenue and cash flow to owner, the trained staff, the popular recipes and the strong local economy make this business a very attractive investment.
For additional details on acquiring this business, please call or email William Bruce at (251) 990-5910 or WilliamBruce@bellsouth.net. (A confidentiality agreement and financial statement is required to receive information on this acquisition opportunity.)
About the Business
Year Established:1959
Facilities:The owner of the restaurant also owns the real estate. He proposes to lease the waterfront facility to the new owner of the business for a monthly rental of $8,500. This rental is a very favorable 4.4% of revenue using the 2007 numbers. The facility is approximately 5,000 square feet of heated and cooled space plus another approximate 5,000 square feet of deck space. The length of the lease can be negotiated with the property owner.
Alternatively, the real estate is available for $850,000 and is represented by a licensed real estate broker.
Market Outlook and Competition:The Baldwin County market was recently ranked by Policom Economic Research as the 11th strongest micropolitan economy in America and the number one local market in the 6 state region! Additionally, Moodys Research Group recently predicted that the Mobile economy would have the fastest growth rate over the next five years of all 363 metro areas in America!
About the Sale
Management Training and Support:The owner is fully committed to a seamless transition and will thoroughly train a new owner in all aspects of the business.
Reason For Selling:Retirement
KEYWORDS: restaurant, bar, mobile, fairhope, daphne, alabama, baldwin
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State: Alabama
County: Baldwin Next Listing: Unique & Upscale Children's Boutique in Fairhope
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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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