Fairhope Downtown Bar
& Restaurant
Fairhope, Alabama
Financials
Asking: $179,000
Included in the Asking Price:
Furniture, Fixtures & Equipment: $60,000
Inventory: $75,000
Gross: $427,298
Cash Flow: $58,224
Summary Description
Over the past 18 years, this popular bar and restaurant has become an
institution in downtown Fairhope. The retirement of the current proprietor
opens up this opportunity for a new owner.
The kitchen and bar are
fully equipped and all equipment is in good working order. Menu and drink
specials are popular, as are the bands and entertainers who frequently perform
here, drawing big crowds.
Fairhope, Alabama on the
Eastern Shore of Mobile Bay, has received many quality
of life awards. A few years ago, it was voted The World's Prettiest Village
beating in the final vote a town in the South of France! Most recently, the
community was featured in a Wall Street Journal article.
This outstanding and
smoothly running bar and restaurant awaits a new owner who will step into immediate
cash flow while enjoying the incomparable Fairhope lifestyle.
If interested, please
promptly contact William Bruce, as a business of this type and location will
not be on the market for very long. Phone (251) 990-5910 or email
[email protected].
General Information
Year Established: 1992
Facilities: The business operates from a leased location on one of the
main streets in Fairhope. The facility is approximately 3,000 square feet in
size with a rental of $3,275 per month. Lease term can be extended to whatever
length is desired by the new business owner.
Market Outlook
Growth and Expansion: The Baldwin County market was recently ranked by Policom, a 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
out of the 674 local markets studied by Policom.
About the Sale
Financing: Seller will consider financing for a qualified buyer with
adequate down payment.
Support/Training: The seller is committed to a seamless transition and
will fully train a new owner in all aspects of running this smoothly operating
bar and restaurant.
Contact Information
William Bruce, ABI
Sunbelt Business Brokers
Phone: 251.626.4949
Write: