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REDUCED $550K Iconic Restaurant with Substantial Growth Potential

Orange Beach, AL (Baldwin County)

Seller Financing Available
REDUCED $550K Iconic Restaurant with Substantial Growth Potential
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Asking Price: $3,950,000

Cash Flow: $273,227

Gross Revenue: $2,566,722

EBITDA: N/A

FF&E: N/A

Inventory: $40,000*

Real Estate: $3,200,000

Established: 1993

*not included in asking price.

REDUCED $550K Iconic Restaurant with Substantial Growth Potential

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Business Description

Seller Retiring - Loaded with 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.

Detailed Information

Location:
Orange Beach, AL
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
13,149
Employees:
50
Support & Training:
2 weeks
Reason for Selling:
Retiring
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Contact the Seller

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Bill Kleinschrodt, CPA, CVA, CFC

Business Listed By:
Bill Kleinschrodt, CPA, CVA, CFC

Transworld Business Advisors of Mobile

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities.

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