Established Restaurant/Bar Across From The Beach for $395,000.00
Asking Price: | $395,000 |
Gross Revenue: | $1,600,000 |
Established Year: | 2020 |
Cash Flow: | $200,000 |
Inventory: | $20,000 |
This beautiful restaurant/bar is located across the street from the beautiful pristine white sands and ocean of Orange Beach, Alabama. It operates as a dine-in, pick-up, delivery, and catering operation, and boasts of a spacious attractively beach designed interior to accommodate over 150 customers in a relaxed comfortable atmosphere. The business operates six days per week from 4:00pm until 9:00 pm Monday through Thursday and until 10:00 pm on Friday and Saturday, and is a favorite of tourists in Orange Beach and Gulf Shores. The views of the ocean and the natural habitat surrounding the restaurant are a soothing addition to a great dining experience. The restaurant/bar has 7900 square feet including the dining and kitchen areas along with a walk-in cooler and freezer. The location is outstanding since it is between Orange Beach and Gulf Shores and the two resort areas are the number one tourist attraction in the state of Alabama. This past year there were 8 million tourists to the Orange Beach area alone that spent $7.3 billion dollars in retail purchases. This restaurant/bar has become one of the favorite place with the locals due to the quality of food and outstanding happy hour prices each day of business. Business in the area has become a more year round destination due to the popularity of the beaches as well as the events and festivals throughout the year. The season is considered from May until October and the snowbird season is from December through March. In between the two seasons there is a Shrimp Festival that draws over 200,000 consistently each year, the Hangout Music Festival that also draws over 200,000, and of course the Mardi Gras Festival, Christmas Boat Parade, Mullet Toss that draws over 100,000 each year and the amphitheatre that brings in major artist every month of the year. The newest tourist attraction addition is OWA which is a 520 acre entertainment destination that offers a Tropic Falls Indoor Waterpark in addition to the amusement area that features 23 theme park rides, and also has a main downtown area that is filled with retail stores and restaurants and bars and including an award winning Marriott Hotel. The Gulf Coast area is the fastest growing area in the state of Alabama with an increase in population of 22% over the last three years. All of these events have made the area a year round destination and offers a business a high percentage of success. This restaurant/bar has grown every year and will continue to grow as the area continues to be an attractive area for families due to the low crime rate of the area as well as an excellent school system in the area that includes a community college. If you want to operate your own business in an area that has outstanding weather and many features for raising a family, then this is an opportunity you don't want to miss. The asking price for the business is $395,000.00, and the owner will consider all offers.
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