Retail - Restaurants | Retail - Bars/Taverns

Asking Price	$600,000	Inventory
Gross Income	$2,047,202	Real Estate
Cash Flow	$216,601	Year Established	1959
FF&E	N/A	Employees	N/A

* included in the asking price

** not included in the asking price

This outstanding waterfront restaurant, bar and entertainment venue is well-established and has become a regional institution AND THE PRICE HAS JUST BEEN REDUCED FROM $995,000. Many popular menu items have become signature dishes, with customers traveling for many miles just to have lunch or dinner. And because of the entertainment, the establishment is a must attend weekend stop for many fun loving residents and visitors to the area. In total, business enjoys a reputation as a fun place for outstanding dining and entertainment while producing impressive profits for its owner. The proven waterfront location, impressive track record of gross revenue and cash flow to owner, the trained staff, the popular recipes and the strong local economy make this business a very attractive investment. For additional details on acquiring this business, please call or email William Bruce at (251) 990-5910 or WilliamBruce@bellsouth.net. (A confidentiality agreement and financial statement is required to receive information on this acquisition opportunity.)

Facilities: The owner of the restaurant also owns the real estate. He proposes to lease the waterfront facility to the new owner of the business for a monthly rental of $8,500. This rental is a very favorable 4.4% of revenue using the 2007 numbers. The facility is approximately 5,000 square feet of heated and cooled space plus another approximate 5,000 square feet of deck space. The length of the lease can be negotiated with the property owner. Alternatively, the real estate can be bought for $850,000 and is represented by a licensed real estate broker.

Growth/Expansion: The Baldwin County market was recently ranked by Policom Economic Research as the 11th strongest micropolitan economy in America and the number one local market in the 6 state region! Additionally, Moodys Research Group recently predicted that the Mobile economy would have the fastest growth rate over the next five years of all 363 metro areas in America!

Support/Training: The owner is fully committed to a seamless transition and will thoroughly train a new owner in all aspects of the business.

Reason Selling: Retirement