Profitable Restaurant and Bar
Eastern
Shore, Alabama
Financials
Asking: $265,000
Included in the Asking Price:
Furniture, Fixtures & Equipment: $65,000
NOT Included in the Asking Price:
Inventory: $15,000
Gross: $574,002
Cash Flow: $109,650
Summary
Description
Located on the beautiful Eastern Shore of the Mobile Bay, this friendly
restaurant and bar has been successfully operating under the same ownership for
14 years. The appealing interior and unique menu has proven very popular with
reservations a must on weekends. The bar is a buzzy
gathering place for locals as well as tourists. The kitchen is fully equipped
and there is seating for 100. Liquor sales comprise almost 50% of gross sales
and this benefits the bottom line. Developments in close proximity to the
restaurant will provide additional customers and almost demand opening on
Sunday and Monday. Another potential for increased sales is by opening for
lunch. This is an excellent opportunity for a new owner to continue a thriving
business with abundant upside potential.
General
Information
Year Established: 1994
Employees: 12
Facilities: The restaurant consists of 2,000 s.f.
with ample parking. Fully equipped kitchen. Building is in excellent condition.
Lease is $2,550 and term can be extended as desired.
Market
Outlook
Competition: The restaurant enjoys an excellent location within walking
distance of much activity. Developments in immediately surrounding area will
ensure a growing customer base.
Growth and Expansion: Growth in the immediate area in addition to
existing customers create an excellent opportunity to open seven days a week.
Also, opening for lunch would be a natural opportunity.
About
the
Financing: Seller may finance part of purchase price to qualified buyer.
Support/Training: Seller will provide necessary training for a smooth
transition.
Reason Selling: Health
Contact
Information
William Bruce
Phone: 251.990.5910