| Asking Price |
$265,000 | Inventory |
$15,000* |
|---|---|---|---|
| Gross Income |
$574,002 | Real Estate |
|
| Cash Flow |
$108,000 | Year Established | 1994 |
| FF&E |
$65,000* | Employees | 2 ft, 10 pt |
* included in the asking price
** not included in the asking price
Located on the beautiful Eastern Shore of the Mobile Bay, this friendly restaurant and bar has been successfully operating under the same ownership for 14 years. The appealing interior and unique menu has proven very popular with reservations a must on weekends. The bar is a buzzy gathering place for locals as well as tourists. The kitchen is fully equipped and there is seating for 100. Liquor sales comprise almost 50% of gross sales and this benefits the bottom line. Developments in close proximity to the restaurant will provide additional customers and almost demand opening on Sunday and Monday. Another potential for increased sales is by opening for lunch. This is an excellent opportunity for a new owner to continue a thriving business with abundant upside potential.
Facilities: 2,000 sq ft free standing facility with a central bar,plentiful parking and fully equipped kitchen. Present lease is $2,550 per month.
Competition: Several restaurants/bars in the neighborhood draw customers to the area.
Growth/Expansion: Current real estate developments in the immediate area will create immediate increase in demand that would beg for opening seven days a week .
Financing: Seller may finance part of purchase price to qualified buyer.
Support/Training: Seller will provide necessary training for smooth transition.
Reason Selling: Retirement

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