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Asking Price
$375

Annual Cash Flow $162

Annual Revenue $631


EBITDTA:

FF&E: 75,000

Lease Rate: $5,600

Ref ID:

Established: Restaurant Business Established 2015

Business Description

Known to be one of the best restaurants in town, it needs no introduction. It is well established and reputable with gross revenue of $ 631K and a net Income of $ 171K. Open from 5;00 PM to 9:30 PM Tuesday through Saturday, so there is ample opportunity to increase revenue. The asking price is $375K. Only qualified and experienced restauranteurs will be considered for this purchase. If you are an owner, or have successfully operated a large restaurant, and desire to invest in another very profitable restaurant business, this is a great opportunity. Owner is willing to finance 50% for 5 years at 6% to a qualified buyer.


Detailed Information

Listing Agent:Andre Martineau

Real Estate:

Building SF: 3200

Employees:

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

Phone:321-427-5619

Facilities: Facility build-out completed March 2018

Support & Training: 4 Weeks

Reason for Selling: New Profession

Lease Expiration: 3/2023

Growth & Expansion: The Seller believes that the Buyer will realize significant increased revenue when the restaurant opens for lunch, Sunday Brunch and operates 7 days a week.

Financing: Seller will finance with 50% down at 6% for 5 years

Competition: There are many restaurants in Fairhope; however, very few can compete with the perpetual 4 ½ STAR rating patrons give Dumbwaiter. These few restaurants are all doing a great business through-out the year. The Seller makes this overall conclusion regardin