Listing Number: 24876-623189
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.
- Price: $3,950,000
- Down Payment: $1,000,000
- Sellers Discretionary Earnings: $427,140
- Total Sales: $3,353,512
- Location: Withdrawn, Alabama
- Inventory: $40,000
- FF&E: $600,000
- Employees: 50
- Year Established: 1993
- Reason for Selling: Retirement
- Category: Restaurants