Turnkey Restaurant In The Heart of Orange Beach For $650,000

Orange Beach, AL
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Asking Price:$650,000
Gross Revenue:$700,000
Rent:$6,700/Month
Established Year:2021
Cash Flow:$110,000
Inventory:$15,000
FF&E:$200,000
BUSINESS DESCRIPTION

This incredible well-established restaurant/bar located across the street from the beach in beautiful Orange Beach Alabama has reduced the asking price of this elegant restaurant/bar. The restaurant/bar has been in operation since 2021 and has continued to grow each year in business. There are over 21 high rise condominiums within a mile of the location. The affordable price of this restaurant/bar makes this an outstanding opportunity that does not come available very often in Orange Beach. Located in one of the busiest retail centers in the area, there is plenty of parking available to accommodate customers. The square footage of the business is 4000 in the dining and kitchen area with an additional 1000square foot outside patio. The kitchen area is furnished with some of the best equipment available to assure consistent cook time and results. There is plenty of storage and includes a walk-in cooler and freezer. All of the equipment was purchased new and is only four years old. The facility includes outside seating for 45 and inside seating for over 100 customers which gives this business plenty of seating to achieve high earnings. Operating with dine-in, pick-up, delivery and catering services, this business is positioned to increase sales and service at the highest level. The reviews of the business have given the operation a 4.7 out of the highest 5.0 rating and continues to achieve high ratings each year. Most of the entire staff has been with the restaurant since the beginning and staffing is not a problem at this business. Most customers are the tourists to the area, but the locals are a consistent customer base for the food specials and happy hour specials. This restaurant/bar has an outstanding reputation for quality of food and service as well cleanliness. This is a turnkey sale and the price for this business and the lease agreement is incredible for the area. Long term lease is available for a qualified owner.


DETAILED INFORMATION
Location
Orange Beach, AL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
4,000
Lease Expiration
31/12/2025
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The initial buildout of the restaurant/bar well exceeded $1,000,000 and included the incredible design of this beautifully organized restaurant/bar. The quality of equipment, furniture and fixtures are amazing and fit the area well with many objects relating to the beach and ocean. The decor of the inside dining area along with the cleanliness of the business put customers in a happy mood for an enjoyable dining experience. This is a very elegant restaurant. The assets are in excellent condition and have been maintained extremely well.
Competition
Needless to say, there is plenty of competition in the marketplace, however, with 8.3 million tourists this past year to the area, there is plenty of business for all to be successful. The business can continue to operate under the same name and menu, or it may be changed to a different type of menu. The staff consists of employees that are contracted through the J-1 foreign exchange program that guarantees a consistency with continued and consistent staffing. The menu consists of local favorites as well as items that are popular across the region.
Growth & Expansion
Outstanding growth opportunities are available due to the continued growth of the population and the consistent tourist growth in the area. Orange Beach/Gulf Shores is one of the most beautiful beach areas in the USA and the number of tourists has increased each year since the Pandemic. Some areas for growth are delivery and catering. The delivery portion of the business is growing for all businesses as more people use delivery for their food consumption and with the new law for delivering alcohol is a new growth avenue.
Support & Training
The Sellers will offer up to two weeks of on-site training along with continued consultation for an additional month. This is an outstanding training and support program that is relative to the success of new ownership. All social media outlets will be transferred to the new owner and the Sellers will assist and train on all of the media platforms.
Reason for Selling
Owners are relocating.
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Randy
Shurbet
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Randy Shurbet