William E. Gibson, President and Broker is a Certified Business Intermediary, an Accredited Valuation Analyst, has a Real Estate Brokers License for Florida and Alabama, and is a licensed Florida Mortgage Broker. He has a Bachelor of Science degree in marketing from the School of Business at Southern Illinois University. He is a retired Air Force Reserve Officer in Hospital Administration. His previous work history includes two years as a sales representative with an insurance company and five years as a sales representative for a national hospital manufacturing and distribution firm. William was CEO/owner of a multi-branch wholesale distribution firm for 14 years.
Located in a fast growing downtown area of the thriving college town of Auburn the business gets a ton of traffic during the evenings and especially on football weekends. This well presented and comfortable casual dining bar and restaurant has seating for approximately 90 customers inside, and approximately 50 outside on the beautiful enclosed patio. The premises comprises approximately 8000 sq ft which includes the dining areas, a game room, offices and rest rooms to the rear and more importantly a huge currently unused space at the back which would be perfect for a county music line dancing club or other such nightclub. The parking is unrivaled in the downtown area; in fact the owner tells us that during football games he manages to rent out a large portion of the parking lot resulting in $600 - $1000 in revenue when foot traffic is the primary means for new customers.
The equipment includes: 1 reach in freezer, 1 chest freezer, 3 walk in coolers, 2 sandwich coolers, a custom oven, a 4 burner gas stove with flat top grill, 8’ hood, 1 deep fat fryer, 5 stainless steel prep tables, a 3 terminal POS system which extensively tracks every aspect of the business including inventory.
The majority of the customers are AU college students, faculty and staff and local residents with some additional passing tourist trade. The business is only being offered for sale because the owner has another business and he has self admittedly reached his limits, both time wise and financially to be able to grow both businesses effectively. In the Broker’s opinion this is a fantastic opportunity for someone who has the vision and resources to purchase a turnkey business with huge growth opportunities in an outstanding location.
Room to expand into a nightclub
High traffic location near student housing and tailgating areas
Trained staff are willing to stay
Excellent reputation and branding – known for its quality product!
Phenix City, AL
Baldwin County, AL
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