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Business for Sale Overview:

Located in the center of a historic area, and is a major destination restaurant, drawing from the Gulf Coast beaches to Mobile. Actually two restaurants using a common kitchen: one, a larger and more of a fine dining restaurant. The other is a friendly neighborhood bar with full food service and sandwiches. Both feature a full array of dishes ranging from fresh seafood, a taste of New Orleans and a great selection of USDA choice aged Angus beef. Both offer a large and popular selection of wines. The fully equipped kitchen is large enough that catering is now a specialty with an excellent reputation throughout the Gulf Coast. The absentee founding owner opened the restaurants as a labor of love without any thought to food and labor costs. Food cost is 40.66% and labor cost is 35.2%. A new owner/operator with proper experience can cut food cost to 35% and labor to 27%; both percentages are accepted standards for upscale restaurants. If these percents were achieved and factored in, the actual cash flow could increase to $287,000, which falls into the correct profit range for a business doing the same volume. Opening Sundays will be a huge increase in profits and a natural location for Sunday brunch.

Property Features and Assets:

Available for lease or purchase.

Additional Details:

• The property is owned.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for 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.