Profitable Restaurant in Resort Beach Community

$395,000
Sold

3029

Business ID

6314 SqFt

Size

Description

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. Call Andre at (321) 427-5619 or email to andre@sunbeltbroker.com

Competition Description
There are many restaurants in the Gulf Shores Area, however, only a few can compare to this restaurant. 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 / Expansion overview
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 year.

Support / Training Comments
One Month: Front and back of house and administration.

Financing Comments
Seller will not finance.

Address

  • Country: United States
  • Province / State: Alabama
Open on Google Maps
  • Business ID 3029
  • Purchase Price $395,000
  • Business Type Restaurant
  • Business status Sold
  • Year Established 2011
  • Size 6314 SqFt
  • Label $280,000+ Cash Flow
  • Gross Revenue $1,700,000
  • Cash Flow $282,000
  • FF&E (Included) $160,000
  • Inventory Negotiable
  • Monthly Rent $10,237
  • Seats 160
  • Reason for Sale Seller has too many restaurants.
  • Days Open 7 Days
  • Hours Open 11:00 AM - 10:00 PM
  • Lease Expires 06/15/2021

Contact

Lanier Chew

Property Agent
2518020516
sunbeltbroker@hotmail.com
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