Catylist ID:
#30826188
Pizza at The Pass
Retail-Commercial
for Sale
| Catylist Listing ID: | 30826188 |
| Property Subtypes: | Restaurant |
| Condo? | Yes |
| Building Size (RSF): | 2,314 SF |
| Gross Building Area: | 13,844 SF |
| Sale Price: | $1,829,900 |
| Property Use Type: | Business |
| Building Name: | SanRoc Cay Marina |
| Usable Size (USF): | 2,314 SF |
| Sale Terms: | Cash to Seller, Owner Financing |
| Last Updated: | 3/23/2023 |
Overview / Comments
|
Rare opportunity to purchase an established pizza restaurant with massive upside potential along with the real estate in Orange Beach, AL! Pizza at The Pass was recently ranked as the #1 pizza restaurant in Orange Beach by Pizza Oven Radar (https://www.pizzaovenradar.com/p/best-pizza-in-orange-beach-al/). Please note that this offering is an asset sale only and has been priced as such (no financials will be provided). Seller is willing to consider a Contract for Deed offer with 20% down, 7.25% interest, 20 year amortization, and a 2 year balloon, or 8.00% interest with a 3 year balloon. Conveniently located directly across the street from the beach on Perdido Beach Blvd, the area’s major east/west highway running along the beach, Pizza at The Pass is perfectly situated in a corner unit at the SanRoc Cay Marina. This highly profitable and turnkey restaurant can seat ninety-five customers and is being offered with all furniture, fixtures, equipment, décor, inventory, recipes, the website, Google listing, point of sale system, a loyal customer base, and more. The real estate portion comprises of 2,314 heated and cooled square feet, two additional large storage units, and a limited common element patio that is used for outside seating. SanRoc Cay is constructed of solid masonry and is classified as a waterfront entertainment district allowing for patrons to carry alcoholic drinks while strolling along Cotton Bayou and checking out the many retail shops and restaurants that SanRoc has to offer. Additionally, SanRoc Cay offers its owners the ability to access and leverage a common element courtyard that can be used to host music and other events. Pizza at The Pass was opened in May of 2022 and currently has more than sixty-five Google reviews with an average rating of 4.5 stars. With a health score of 100, it is clear that the business is being run in a top-notch fashion. While this simple and easy-to-run business has exceeded expectations, there is a significant value-add opportunity to increase revenue as much as 40% by offering direct delivery via online and phone orders. Delivery is currently only offered through third party vendors such as DoorDash, Uber Eats, and Time to Eat The Beach. Additionally, a third oven can be added, which would allow an increase in production of 50% and decreased ticket times (management intends to add a third oven before Summer of 2023). Moreover, serving alcohol could increase sales by another 20% or more (management intends to start serving alcohol by the end of 2022). In addition, there is a huge opportunity to increase revenue through advertising as management is not currently leveraging any advertising or dine-in promotion (all of the business to date has been generated through walk-in traffic, word of mouth, and the Google listing). Lastly, the restaurant is outfitted with numerous televisions allowing for the opportunity to attract a dine-in sports crowd that can result in additional food and drink sales. The SanRoc Condo Owner’s Association simplifies ownership by taking responsibility for water, trash, and the maintenance of all common elements, common bathrooms, landscaping, awnings, windows, and exterior doors. |
Attachments & Media
Additional Details
| Nearest MSA: | Daphne-Fairhope-Foley |
| County: | Baldwin |
| Tax ID/APN: | 05-65-02-10-0-000-069.000 |
| Is Condo?: | Yes |
| Retail Clientele: | General, Family, Business, Traveler, Tourist |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Perdido Beach Blvd |
| Tenancy: | Single Tenant |
| Number of Stories: | 2 |
| Year Built: | 1998 |
| Roof Type: | Flat |
| Construction/Siding: | Concrete |
| Parking Type: | Surface, Underground |
| Sprinklers: | Wet |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Zoning Description: | General Business |
| Part of Planned Development?: | Yes |
| In Flood Plain?: | Yes |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | Unit C2 Sanroc Cay Condo In The City Of Orange Beach Sec 10- T9s-R5e (Wd) |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 3,832 | 12,253 |
| Median Age: | 52.64 | 44.89 |
| Households: | 1,795 | 5,348 |
Contact
Lance NielRe/Max of Orange BeachGulf Coast CMLS Member |
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