Turnkey Restaurant in Alabama Gulf Coast

Foley, AL
Baldwin County

Near OWA Entertainment Center


Asking Price: Annual Revenue:
$150,000 $82,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Turnkey Restaurant in Alabama Gulf Coast Broker: Randy Shurbet

Quick Facts

Asking Price: $150,000
Annual Revenue: $82,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: 2020
Employees: 3
BBN Listing #: 562654399
Broker Reference #: 150201

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Business Overview:

This incredible unique turnkey restaurant/bar located in the Alabama Gulf Coast is without a doubt one of the most fun establishments in the area. The music is authentic Caribbean Island and the food is outstanding and offers a full menu of Caribbean cuisine. The restaurant serves a mix of cuisines from the Caribbean and the Mediterranean with such favorites as Cuban Nacho's, Jerk Chicken and Turkish-k-bob. The decor' of the dining area will make you believe you are in the islands and the craft cocktails are full of creative ingredients merged in unique ways with off the moment techniques and tastes. The infused flavors of the crafted cocktails are a delight. The business has been operating for only a short time but the growth has been outstanding and would be off the charts if the owner had not become ill and had to cut back on hours the business was open, as well as the Pandemic. The infusion of energy and additional hours of operation would more than double the revenue of this small business. The location is a short distance from the very large entertainment venue of OWA as well as the very popular Foley sports complex. There have been several new luxury apartments built in the area as well as a large RV resort that would offer huge earnings in delivery business. This is a great turnkey opportunity for someone wanted to enter the restaurant/bar business or expanded a brand or existing business.

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Property Features and Assets:

The business is located in a new strip center that is occupied by several medical practices and retail shops. The center is small and is located close to one of the more popular residential communities and golf course in the area. The building is approximately 1,500 square feet and has a patio for outside dining.

Market Competition and Expansion:

There is no competition in the area that offers the same type cuisine, however there are several restaurants located in the OWA complex as well as a McDonalds in an out parcel location. The addition of lunch, opening on Sunday as well as catering are a few expansion opportunities.

Reason for Selling:

Health

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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