Catylist ID: #30421779
Vibrant Gulf Coast Beach Restaurant & 5.4ac Real Estate For Sale
Undisclosed Address, Orange Beach, AL
Business Opportunity for SaleAlso listed as Vacant Land
|Catylist Listing ID:||30421779|
|Property Subtypes:||Food and Beverage|
|Building Size (RSF):||13,149 SF|
|Year Business Established:||1993|
|Gross Revenue:||$2,991,016 (Annual)|
|Cash Flow:||$0 (Annual)|
|Sale Terms:||Cash at Closing of at least $1mm down payment; Seller Financing Available depending on Buyer Qualifications|
Overview / Comments
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 $800,000
2) Asset Sale of 2nd Building Offered at $150,000
3) Real Estate & Improvements Offered at $3,000,000
Real estate includes ~5.4 acres, two separate fully operational & fully equipped facilities (~13,150 inside sq.ft + ~2,920 ft. of covered tiki decks), huge parking lots, and 3.2 acres of 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 ~$2-3 million over the course of its 25+ years of existence.
Business & real estate has significant room for appreciation and the capacity for strategic development. Revenues could conservatively increase by at least 50% in year one of new ownership by implementing a new concept in the nearly 7k sq.ft second building (already equipped with commercial kitchen). Plenty of excellent options to maximize revenue and profitability. Owners are absentee and seeking to monetize as they prepare for retirement. Sellers are highly committed to assist in a seamless transition. Competitive Seller Financing is a possibility as well as SBA lenders on standby and familiar with the deal.
Transaction is considered highly sensitive & confidential and will require a Prospective Buyer to execute an NDA. Upon receipt of properly executed NDA and a good faith Buyer Profile, Broker has a prepared Confidential Information Profile to distribute to any serious buyers.
|Reason for Selling:||Retirement|
|Value of Inventory Included ($):||$40,000|
|Value of Furniture, Fixtures, and Equipment ($):||$600,000|
|Real Estate Status:||Real Property|
|Value of Real Estate Included ($):||$3,200,000|
|Mgmt/Training Support Description:||Management in Place / Transition Services Available by Seller|
|Growth/Expansion Opportunities:||1) Second restaurant concept could be implemented with minimal costs. 2) Develop Real Estate - Condos, Hotel, Storage Units... Many Possibilities 3) Capitalize on Delivery Market|
|Seller Financing Description:||Seller will evaluate buyers creditworthiness on a case-by-case basis. If satisfactory to Seller and if requested by the buyer then Seller may offer a financing term sheet. If offered, terms will be very competitive to 3rd party lenders. Seller will require a minimum of $1mm down payment of total purchase price. Promissory note and terms to be ultimately subject to Seller discretion. Buyer must be willing to provide personal financials statements, credit check from all three major credit bureaus, and any other personal documents considered necessary for Seller to make financing decision.|
|Proximity:||3 miles||5 miles|
Bill KleinschrodtCummings & Associates, Inc. Gulf Coast CMLS Member
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