Business for Sale Overview:
This outstanding waterfront restaurant, bar and entertainment venue is well-established and has become a regional institution and The Price has Just Been Reduced From $995,000.
Many popular menu items have become signature dishes, with customers traveling for many miles just to have lunch or dinner. And because of the entertainment, the establishment is a “must attend” weekend stop for many fun loving residents and visitors to the area. In total, business enjoys a reputation as a fun place for outstanding dining and entertainment while producing impressive profits for its owner. The proven waterfront location, impressive track record of gross revenue and cash flow to owner, the trained staff, the popular recipes and the strong local economy make this business a very attractive investment.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The owner of the restaurant also owns the real estate. He proposes to lease the waterfront facility to the new owner of the business for a monthly rental of $8,500. This rental is a very favorable 4.4% of revenue using the 2007 numbers. The facility is approximately 5,000 square feet of heated and cooled space plus another approximate 5,000 square feet of deck space. The length of the lease can be negotiated with the property owner.
Alternatively, the real estate can be purchased for $850,000 and is represented by a licensed real estate broker.
Market Competition and Expansion:
The Baldwin County market was recently ranked by Policom Economic Research as the 11th strongest micropolitan economy in America and the number one local market in the 6 state region! Additionally, Moodys Research Group recently predicted that the Mobile economy would have the fastest growth rate over the next five years of all 363 metro areas in America!
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.