Beautiful, Profitable Downtown Fairhope Restaurant, GM in Place
Business Description
This extremely attractive restaurant and bar in downtown Fairhope, Alabama has been open for over a decade. It's very popular with both local residents and tourists.
The menu is varied and brings in a large base of loyal repeat customers. The heavy foot traffic also is responsible for many first time customers.
The restaurant and bar are splendidly equipped, and a loyal staff is already in place, including a general manager, an assistant manager, and a head chef.
This is a coveted opportunity to own a magnificent restaurant and bar right in the middle of the enchanting downtown area of Fairhope, Alabama, in one of the fasting growing counties in America.
The seller is committed to a seamless transition will will thoroughly train a new owner in all aspects of the business. The business is conservatively priced at only two times discretionary earning, which means that a new owner could pay him/herself a salary of $75,000 yearly and have approximately $100,000 left over for debt service, etc.
Please email Willam Bruce for details from the interface on the right side of this page. A confidentiality agreement and preliminary qualifying financial information is required.
We look forward to showing you this unique restaurant and bar.
The menu is varied and brings in a large base of loyal repeat customers. The heavy foot traffic also is responsible for many first time customers.
The restaurant and bar are splendidly equipped, and a loyal staff is already in place, including a general manager, an assistant manager, and a head chef.
This is a coveted opportunity to own a magnificent restaurant and bar right in the middle of the enchanting downtown area of Fairhope, Alabama, in one of the fasting growing counties in America.
The seller is committed to a seamless transition will will thoroughly train a new owner in all aspects of the business. The business is conservatively priced at only two times discretionary earning, which means that a new owner could pay him/herself a salary of $75,000 yearly and have approximately $100,000 left over for debt service, etc.
Please email Willam Bruce for details from the interface on the right side of this page. A confidentiality agreement and preliminary qualifying financial information is required.
We look forward to showing you this unique restaurant and bar.
About the Business
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,500
- Rent
- $7,350 per month
Listing Info
- ID
- 2540030
- Listing Views
Listing ID: 2540030 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. See our full Terms of Use. Learn how to avoid scams.
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