25+ Year Iconic Beach Restaurant with Substantial Growth Potential

East Baton Rouge County, LA

Seller Financing Available
25+ Year Iconic Beach Restaurant with Substantial Growth Potential
Contact Seller

Asking Price: $4,500,000

Cash Flow: $273,227

Gross Revenue: $2,566,722

EBITDA: N/A

FF&E: $600,000

Inventory: $40,000

Real Estate: $3,200,000

Established: 1993

25+ Year Iconic Beach Restaurant with Substantial Growth Potential

Save Print Share Valuation Report

Business Description

Ask Broker for Drone Video of Property!

Premier Tourism Location! Trademarked Restaurant sits directly on the main beach drag on Northern Gulf Coast with close proximity to an abundance of high-rise condominiums. 6.3 million visitors each year to one of the fastest growing counties in the USA.

Transaction is broken down in three components:
1) Trademarked Restaurant Offered at $1,115,000
2) Asset Sale of 2nd Building Offered at $185,000
3) Real Estate & Improvements Offered at $3,200,000

Real estate includes ~5.4 acres, two separate fully operational & fully equipped facilities (~13,150 inside sq.ft + ~2,920 ft. of covered decks), exceptional parking, and some undeveloped land.

In addition to the real estate investment, this property is an excellent opportunity for a seasoned restaurant operator or an individual or family looking for the perfect “Life-Style” business. The going concern business is Trademarked for potentially expanding footprint. Consistently delivers avg. annual revenues of ~$2-3 million over the course of its 25+ years of existence.

Business & real estate has significant room for appreciation and the capacity for strategic development. Revenues could conservatively increase by at least 50% in year one of new ownership by implementing a new concept in the nearly 7k sq.ft second building (already equipped with commercial kitchen). Plenty of excellent options to maximize revenue and profitability. Owners are absentee and seeking to monetize as they prepare for retirement. Sellers are highly committed to assist in a seamless transition. Competitive Seller Financing is a possibility as well as SBA lenders on standby and familiar with the deal.

Transaction is considered highly sensitive & confidential and will require a Prospective Buyer to execute an NDA. Upon receipt of properly executed NDA, Broker has a prepared Confidential Information Profile to distribute to any serious buyers.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
13,149
Employees:
50
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
2 weeks
Reason for Selling:
Retiring
Contact Seller

Contact the Seller

Contact Seller Loading

Bill Kleinschrodt, CPA, CVA, CFC

Business Listed By:
Bill Kleinschrodt, CPA, CVA, CFC

Transworld Business Advisors of Mobile

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1570224 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Huddle House

Franchise Opportunity In LA
Capital Required: $519,935