Featured
Pictures are stock images and are not indicative of the actual business.

Asking Price
$295,000

Annual Cash Flow $159,000

Annual Revenue $918,000


EBITDTA: 159,000

FF&E: 47,000

Ref ID: APM1948

Established: 2013

Business Description

Successful restaurant for sale in Gulf Shores, AL. It is well established and reputable with 2019 gross revenue of $918K and a net income of $154K. With an asking price of $ 295K, the restaurant has posted annual revenue and cash flow increases since it has opened. 2019 Profit and Loss Statement shows the business grossed $918,425 which yielded Cash Flow of $159,000, this is a 17.4%, of gross revenue when the average for restaurants is 8 10%. With a net of $159,000 and a purchase price of $295,000, the business is purchased at a multiple of 1.9, well below its real value of 2.5. The percentage of annual rent at $36,000 to gross revenue at $918,425 is 3.9%, well below the average of 8%.


Detailed Information

State:AL

Listing Agent:Andre Martineau

Inventory: Included in asking price

Real Estate:

Building SF: 1700

Employees: 5

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

City:Baldwin County

Phone:321-427-5619

Support & Training: 2 Weeks

Reason for Selling: Family

Lease Expiration: Three year lease

Financing: NO