Asking Price: $265,000

Gross Revenue: $514,000

Cash Flow: $109,000

Inventory: $15,000 (Included in Asking Price)

FF&E: $65,000 (Included in Asking Price)

Seller Financing: The seller will finance the purchase of this business for a qualified buyer with down payment.

Located on the beautiful Eastern Shore of the Mobile Bay, this friendly bar and restaurant has been successfully operating under the same ownership for 14 years. The appealing interior and unique menu have proven very popular with reservations a must on weekends. The bar is a buzzy gathering place for locals as well as tourists. The kitchen is fully equipped and there is seating for 100. Liquor sales comprise approximately 50% of gross sales and this benefits the bottom line. Developments in close proximity to the restaurant will provide additional customers and almost demand opening on Sunday and Monday. Another potential for increased sales is opening for lunch. This is an excellent opportunity for a new owner to continue a thriving business with abundant upside potential.

Year Established: 1995

Facilities: The attractive facility is leased at a very reasonable montly rental.

Market Outlook and Competition: Baldwin County was recently named by Policom Economics as one of the top local economies in America, and the strongest local market in the 6-state region. Additionally, Mobile/Baldwin was recently predicted by the respected Moody’s Economic Research Group to have the fastest growth rate over the next 5 years of all 363 metropolitan markets in America. With the groundbreaking in the area of the largest steel processing plant in the history of America, the area is positioned to grow like never before. The steel plant alone is expected to employ 29,000 workers during the five year construction phase. And there are other industrial development announcements being made monthly. There is no recession here. It’s an exciting time to be Gulf Coast!

Management Training and Support: The seller will fully train a new owner in all aspects of the business.

Reason For Selling: Retirement due to health problems.