Business for Sale Overview:
Price reduced to $195,000 as of September 1st on this established Fairhope restaurant with a motivated seller who will consider financing part of the investment.
The restaurant has a huge local following and is very popular with the many visitors to the area. The restaurant has a solid track record for many years of revenue and cash flow to the owner.
With its strategic location, a trained staff already in place, proven menu and reasonable rent, the restaurant offers an excellent opportunity and platform for growth.
Invest in this business and live in one of the most beautiful communities in America with many local amenities, world famous artists and writers, championship golf, world-class fishing, and an excellent educational system.
Additionally, the Baldwin County market was recently ranked by Policom Economics, a national firm that studies local markets, as the 11th strongest micropolitan economy in America and the number one local market in the 6 state region! This is of the 674 local markets studied by Policom.
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:
Facility is leased from an unrelated party for $3,100 plus 1% of gross per month. Total rent paid in 2008 was a most reasonable 6.6% of total revenue.
Market Competition and Expansion:
There are many avenues of expansion for this particular restaurant with its excellent reputation. Growth possibilities include expanded business hours, additional menu / drink offerings plus catering. In addition, Baldwin County, Alabama was recently named the strongest local economy in a six state region.
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.