Seller Carry Bayside Restaurant, Real Estate & Apartments
Business Description
Corner lot with over 8k sq ft
The Coney Station presents a compelling investment opportunity as an established American restaurant with 30 years of operational history in Pittsburg County. This turnkey acquisition includes the complete business operations, real estate, and all existing assets including inventory, furniture, and fixtures.
The Seller is willing to seller carry a percentage of the sale
Property Features:
- Prime corner location with over 8,000 square feet of space
- Highway 101 frontage providing maximum visibility
- Bayfront positioning enhancing location appeal
- One block proximity to county facilities
Revenue Diversification:
- Full-service restaurant and bar operations
- Banquet and event facility capabilities
- Two occupied residential apartments generating rental income
- Potential for additional retail or convenience store development
Operational Advantages:
- Second-generation family business with established market presence
- Comprehensive customer base spanning local patrons and tourist traffic
- Regular entertainment programming including karaoke and live music events
- Seasonal promotional opportunities
- Building maintained in excellent condition with no known structural issues
Financial Structure:
The business model leverages multiple income streams through food service, beverage sales, event hosting, and rental properties. The established customer relationships and prime location provide revenue stability while tourist seasonality offers growth potential.
This acquisition represents an opportunity to assume operations of a well-positioned hospitality business with significant real estate value and diversified income sources. The comprehensive nature of the sale ensures operational continuity and immediate revenue generation capability.
The Seller is willing to seller carry a percentage of the sale
Property Features:
- Prime corner location with over 8,000 square feet of space
- Highway 101 frontage providing maximum visibility
- Bayfront positioning enhancing location appeal
- One block proximity to county facilities
Revenue Diversification:
- Full-service restaurant and bar operations
- Banquet and event facility capabilities
- Two occupied residential apartments generating rental income
- Potential for additional retail or convenience store development
Operational Advantages:
- Second-generation family business with established market presence
- Comprehensive customer base spanning local patrons and tourist traffic
- Regular entertainment programming including karaoke and live music events
- Seasonal promotional opportunities
- Building maintained in excellent condition with no known structural issues
Financial Structure:
The business model leverages multiple income streams through food service, beverage sales, event hosting, and rental properties. The established customer relationships and prime location provide revenue stability while tourist seasonality offers growth potential.
This acquisition represents an opportunity to assume operations of a well-positioned hospitality business with significant real estate value and diversified income sources. The comprehensive nature of the sale ensures operational continuity and immediate revenue generation capability.
About the Business
- Years in Operation
- 32
- Employees
- 7 (3 Full-time, 4 Part-time)
- Facilities & Assets
- Everything included, business inventory, FF&E, apartments, real estate
- Market Outlook / Competition
- Prime area real estate, bayfront view, no other establishements with restaurant/bar and apartments for sale right now in the area
- Opportunities for Growth
- Renew business model, get business profitable. Real estate comps are approx $1.25-1.3M. Seller is ready for retirment and willing to seller carry some for quick sale.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 8,000
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- 4 weeks 20hours week or negotiable
- Financing Options
- Seller financing for some available
Listing Info
- ID
- 2405748
- Listing Views
Listing ID: 2405748 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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