Gulf Coast Restaurant and Investment Property

Gulf Shores, AL (Baldwin County)

Seller Financing Available
Gulf Coast Restaurant and Investment Property

Asking Price:$5,600,000

Cash Flow:$540,227

Gross Revenue:$1,293,323

EBITDA:N/A

FF&E:$200,000

Inventory:$10,000

Real Estate:$2,500,000

Established:15

Gulf Coast Restaurant and Investment Property

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Business Description

This restaurant has become a local landmark in Gulf Shores, AL by serving the finest seafood, barbeque and burgers on the Gulf Coast. They have an excellent location, only a couple of blocks from the main intersection in Gulf Shores. Established in 2001, they continue to draw more and more customers each year. Last year they experienced one of their best summers ever and served over 100,000 customers throughout the year. Favorable comments on the food and great staff have been the fuel for continued growth. Additional advertising by a new owner would further propel the business and capitalize on the current growth. The Fall and Winter seasons have also improved on the Gulf Coast as it has become a destination for “snowbirds” and home for many festivals and music events.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant boasts a large menu offering a variety of items such as steaks, pork chops, chicken and seafood in order to please a diverse clientele. A full bar provides customers with an array of adult beverages that further elevate average ticket sales and enhances profitability. They seat over 200 customers yet reside on property that is zoned for a (9) story building. This is a great investment property for a developer with a vision to create a facility that would generate even greater cash flows over an extended period of time. Parking is both next to and under the facility. The restaurant has been in business since 2001 yet the building was rebuilt in 2008.
Competition:
The longevity in the market and continued word of mouth advertising has and will continue to draw customer traffic to this facility. Prime location in the heart of Gulf Shores, AL.
Growth & Expansion:
Additional advertising by a new owner would further propel the business and capitalize on the current growth. Current zoning allows for expansion should a new owner/developer wish to further capitalize on the growth in Baldwin County.
Support & Training:
The owner is committed to a seamless transition and will thoroughly train the new owner.
Reason for Selling:
Retirement

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Ernest Scarbrough

Business Listed By:
Ernest Scarbrough

Sunbet Business Brokers and Business Brokers South

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Lanier Chew, CBI

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