Business For Sale

Iconic Restaurant withSubstantial Growth Potential

Not Disclosed, AL


Asking Price: Annual Revenue:
$4,500,000 $2,566,722

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Iconic Restaurant withSubstantial Growth Potential Broker: William Kleinschrodt

Quick Facts

Asking Price: $4,500,000
Annual Revenue: $2,566,722
Net Profit: Not Disclosed
Cash Flow: $273,227
Total Debt: Not Disclosed
FF&E: $600,000
Real Estate: Not Disclosed
Year Established: 1993
Employees: 50
BBN Listing #: 369655279
Broker Reference #: 24876-623189

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Business Overview:

Premier Tourism Location! Trademarked Restaurant sits directly on the main beach drag on Northern Gulf Coast with close proximity to an abundance of high-rise condominiums. 6.3 million visitors each year to one of the fastest growing counties in the USA.

Transaction is broken down in three components:
1) Trademarked Restaurant Offered at $1,115,000
2) Asset Sale of 2nd Building Offered at $185,000
3) Real Estate & Improvements Offered at $3,200,000

Real estate includes ~5.4 acres, two separate fully operational & fully equipped facilities (~13,150 inside square feet + ~2,920 square feet of covered decks), exceptional parking, and some undeveloped land.

In addition to the real estate investment, this property is an excellent opportunity for a seasoned restaurant operator or an individual or family looking for the perfect “Life-Style” business. The going concern business is Trademarked for potentially expanding footprint. Consistently delivers avg. annual revenues of ~$2-3 million over the course of its 25+ years of existence.

Business & real estate has significant room for appreciation and the capacity for strategic development. Revenues could conservatively increase by at least 50% in year one of new ownership by implementing a new concept in the nearly 7,000 square feet second building (already equipped with commercial kitchen). Plenty of excellent options to maximize revenue and profitability. Owners are absentee and seeking to monetize as they prepare for retirement. Sellers are highly committed to assist in a seamless transition. Competitive Seller Financing is a possibility as well as SBA lenders on standby and familiar with the deal.

Transaction is considered highly sensitive & confidential and will require a Prospective Buyer to execute an NDA. Upon receipt of properly executed NDA, Broker has a prepared Confidential Information Profile to distribute to any serious buyers.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retiring

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.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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