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Iconic Restaurant W / Substantial Growth Potential
Location: United States -> Alabama
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

REDUCED $550K Iconic Restaurant with Substantial Growth Potential

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 $800,000
2) Asset Sale of 2nd Building Offered at $150,000
3) Real Estate & Improvements Offered at $3,000,000

Real estate includes ~5.4 acres, two separate fully operational & fully equipped facilities (~13,150 inside sq.ft + ~2,920 ft. 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 7k sq.ft 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.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $2,566,722
Cash Flow:   $273,227
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $3,200,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1993
Number of Employees:  50 - 99
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  retiring

Photos

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Iconic Restaurant W / Substantial Growth Potential Photo 1




Print Listing Id: 700327305
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Alabama Businesses For Sale > Alabama Franchises For Sale > Alabama Business Brokers



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