Established Restaurant/Bar Across From The Beach for $395,000.00

Orange Beach, AL
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Asking Price:$395,000
Gross Revenue:$1,600,000
Established Year:2020
Cash Flow:$200,000
Inventory:$20,000
BUSINESS DESCRIPTION

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.


DETAILED INFORMATION
Location
Orange Beach, AL
Inventory
Not Included in asking price
Employees
13
Facilities
The square footage of the facility is 7900 and that includes the dining areas as well as the kitchen and walk-in cooler and freezer and storage. The bar area can seat up to 50 and there is a private dining area for events and meetings as well private dining. The asking price includes the name, goodwill, and recipes along with all social media outlets. The assets are which include the furniture, fixtures and equipment are owned by the landlord and are included in the lease payment. The owner has started a patio area but has not finished.
Competition
The competition in the area is strong but the market is very strong and able to provide enough business for all in the area. The main difference in the competition in the area is the consistent quality of the food along with the efficient and friendly service that is provided and that is where this business is better than the competition. This restaurant/bar sets the standard when it comes to service and quality. Due to the business being well equipped, it offers a new owner the ability to continue to offer a highly successful menu while making additions
Growth & Expansion
There are several growth opportunities with the restaurant and special events. In the last two months the business has solicited special event opportunities and have booked the business solid through December. This should be continued as well as growth potential with catering. With the addition of a catering manager, this business could grow fast due to the business growth of the area. Additional menu items as well as craft beer could substantially increase the business.
Support & Training
The Seller will offer up to 30 days of in house training and 30 days of consultation by phone or email. All menu items will be trained in preparation, POS system training, craft cocktail preparation and a list of all customers and vendors will be provided.
Reason for Selling
Health Reasons
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Randy
Shurbet
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Randy Shurbet