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Businesses For Sale > Business For Sale in Fairhope, Baldwin County, Alabama (AL)

Fairhope Restaurant Offers Best of Both Worlds for sale in Fairhope, Baldwin County, AL

Fairhope, Baldwin County, Alabama (AL)

Asking Price: Gross: Cash Flow:
$ 165,000 $ 365,637 $ 20,097

Furniture and Fixtures Value:
$ 50,000 (included in the asking price)

Inventory Value:
$ 2,000 (included in the asking price)

Business Summary:
Enjoy the best of both worlds with this investment: (1) the City of Fairhope and (2) a country setting. This location has a decades long history as a restaurant. The current owner has carved out a niche among local diners and is currently doing well over $300,000 annual gross volume. The restaurant’s informal ambiance and great food are enjoyed by a loyal base of local customers plus many visitors to the area for both lunch and dinner. The menu is oriented towards local seafood, but other items are also offered. The daily chalkboard specials are very popular. The business has a full liquor license. The restaurant offers an excellent platform for growth as the economy recovers and the local area continues to grow. A new owner could take this existing customer base, expand the menu, possibly offer breakfast, add catering, do some effective marketing and take the restaurant to its next level of performance. The 3,000 square foot location is leased for a most reasonable $1,000 per month from an unrelated party. The facility is fully equipped in the bar area, the dining room and the kitchen. A new and extended lease term is available for the new business owner. The owner’s personal situation has changed and he has decided to sell the restaurant. His decision opens the door for a new owner to benefit from this opportunity. The seller is committed to a seamless transition and will fully train a new owner in all aspects of the business. Invest in this business and live near the Gulf Coast with sugar white beaches, clear blue water, championship golf, world-class fishing, an excellent educational system, outstanding dining and shopping and many points of local interest. The Baldwin County market was recently ranked by Policom, a firm that studies local markets, as the 11th strongest micropolitan economy in America and the number one local market in the 6 state region! This is out of the 674 local markets studied by Policom. For additional information on acquiring this restaurant, please contact William Bruce at (251) 990-5910 or by email at WilliamBruce@bellsouth.net.

 

   
Owner willing to finance: Seller will consider financing this investment for a qualified buyer with down payment.  
   
Seller Reference Number: bm216348704
BusinessMart.com Listing Number: 67490
 

 

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For more info contact:

Lanier Chew

Sunbelt Business Brokers
251-626-4949

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