Highly profitable landmark restaurant in Auburn. This business is very well established with gross revenues of approximately $40,000 per week! With a capacity for well over 600 and lunch/dinner seating for 300, this is a turnkey opportunity in a prime location with a dedicated following and clientele that can be grown further. There are almost $500,000 in seller financed loans available to be transferred to a qualified buyer which makes this a unique business opportunity! Please note that prospective purchasers will need to sign a non disclosure agreement and be able to demonstrate financial ability before receiving further information.
Famous for its hand cut and battered appetizers, delicious hand cut and chargrilled steaks, succulent seafood and southern farm raised catfish, this business offers fantastic dinner menus, private parties and catering in a rural district close to Auburn/Opelika. With proficient, personable service and comfortable rooms uplifted with attractive antiques, the business boasts a wonderful rustic ambience. The restaurant is currently open Tuesday through Saturday from 5pm until 9pm and offers seating for approximately 100 customers in the main dining room and private dining rooms. There are two male and two female rest rooms and a small office in the building. There is ample parking both at the front and at the side of the premises. The kitchen is well equipped and includes: a two burner gas range, griddle and oven, flat top grill, four deep fat fryers, refrigerator, three freezers, two microwave ovens, stainless steel prep table and shelving, beverage cooler, ice maker, and a 17 hood and security system. All the equipment is owned by the seller and is included in the sale.
Although the restaurant has not been particularly profitable for the past couple of years the owners believe this is due to the fact that they only open in the evenings. There is much potential for further increase by increasing opening hours (especially for Sunday lunches) and by expanding the physical space to accommodate bigger private parties, weddings etc. A new owner looking to invest further could also maximize the potential for significant growth by increasing catering and wine sales and perhaps even by adding a petting zoo or nature walk in the extensive grounds to appeal to families looking for an enjoyable day out with their children. In the Broker s opinion this is an opportunity for someone with restaurant experience and vision to purchase a unique and heart-warming restaurant that has definitely stood the test of time.
Eastern Shore, AL
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