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Asking Price
$200,000

Annual Cash Flow $55,000

Annual Revenue $330,000


EBITDTA:

FF&E: $60,000

Lease Rate: $3,500

Ref ID:

Established: 1988

Business Description

For more than 30 years this restaurant has been serving the freshest handmade selections of pasta, steaks, Italian food and seafood in the area. At this restaurant dinning is more than a Daily routine, it is an experience to be savored. This is a family owned restaurant that the owner is looking to slow down and let someone take this restaurant to the next level. Thanks to their creativity and passion for plating the owners and their chefs have earned them awards and a loyal following where there is usually a wait for tables on weekends. Business will be booming with its close proximity to busy Highways in a prime location of Baldwin County, Alabama. There are several ways to increase sales which are already well over $300,000.00. With a large room in the back that seats around 40 people is used for seating on busy weekends or private parties. There is seating for more than 50 people in the main dining area. The owners have recently just spent over $60,000.00 to remodel the entire restaurant. In addition to the new paint, tables, chairs, booths, lighting and more there is a new kitchen. A completely re worked walk in cooler and new kitchen equipment make this restaurant easy to prepare one of a kind meals for all their customers. The owner is unable to spend all his time at this location, but the cash flow is still around $55,000.00(SDE) and will climb even higher with an owner operator. Buy this restaurant and you will be making sales from day 1. This location will not last long.

Detailed Information

State:AL

Listing Agent:David Chew

Inventory: Included in asking price

Real Estate:

Building SF: 3500

Employees: 10

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

City:Baldwin County

Phone:251-278-8171

Support & Training: 30 days

Reason for Selling: Focus on other Restaurant

Lease Expiration: 2021

Growth & Expansion: Owner operator would thrive!

Financing: Yes but Down Payment Driven