$395,000

Profitable Restarant

Alabama/Gulf Staes
for sale
Financials
  • Price: $395,000
  • Gross Income: $1,700,000
  • Cash Flow: $282,000
  • FFE: $160,000
  • Inventory: $15,000
  • Real Estate Value: $0
  • Source Data:
About the Business
  • Listing ID: #APM1948
  • Year Established: 2011
  • Financing: No
  • Training: 1 month
  • Facilities: This outstanding restaurant business has the following attributes: Is located in an extremely busy, popular shopping center that is in very close proximity to many condominiums, hotels, marinas and beaches with easy access and ample parking. The restaurant is a well-designed and attractively appointed 6314 square feet build-out (cost over $600K) that is very appealing to those who prefer casual fine dinning. With an outstanding reputation for its delicious cuisine served by an excellent wait staff, the restaurant is well positioned to capture significant business from the growing visiting and permanent population.
  • Competition:There are many restaurants in Alabama, however, only a few can compare. These few restaurants are all doing a great business through-out the year. The Seller makes this overall conclusion regarding its position in the market: “ This is an outstanding reputable restaurant that will realize its full potential when an owner/ operator takes command of its destiny”.
  • Growth: Baldwin County, home to Alabama's sugar-white sand beaches, leads in the way - by far - in tourism activity. The 6.3 million visitors to Baldwin County represented a 3.3 percent bounce from 2015, and is nearly one-fourth of all the tourists who visit Alabama each
  • Employees:

Property Descriptions

Profitable family style, polished but casual, American Seafood and Steak restaurant is for sale in popular Alabama Beach Resort Community. Annual Gross sales of $1,700,000 result in a Seller Discretionary Income of $282,000. With a Build-out cost of over $600,000, this 160 seat restaurant at an asking price of $395,000 ($160,000 FF&E Included) will quickly return investment to new owner and has very much more room to grow sales.

The information in this listing has been provided by the business seller or representative stated above. The Business Broker Journal has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information.

Business Listed By

D. Lanier Chew 28218 US Highway 98, Alabama, Daphne
  • E-mail : dlc@bbsouth.com
  • Web : https://www.bbsouth.com
  • Phone : 251-626-4949
  • Company : Business Brokers South
  • Listings : 5
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