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Perfect Retirement Restaurant

Baldwin County, AL
Perfect Retirement Restaurant

Seller Financing Available

Asking Price : $500,000   
Cash Flow : $160,000   
Gross Revenue : $1,600,000   
Inventory : N/A   
EBITDA: N/A   
Rent: N/A   
FF&E: N/A   
Year Started: N/A   

Business Description

Live at the beach. Work at the beach. Own your own Restaurant at the beach.

Very popular vacation and retirement destination now has a rare, well established, local restaurant available for you to purchase. This business has been around 40 years because it has a strong following from fulltime locals, seasonal residents and tourists. This town is a very attractive destination for vacationers who want a more up-scale beach experience. This has been a great dining option for 40 years but the current owner lives out of state and at his age, he is tired of traveling back and forth.

This is a fully staffed, turnkey business that is ready for a new owner to step in and just keep running and keep making money. Very strong and stable cash flow with a long history of positive numbers. But what makes this deal even better is that the owner is willing to finance the deal with just 50% down. He will stay around as long as you need him to train you and help ensure a smooth transition.

Real Estate:Leased

Building SF:7,800

Employees:20

Financing:50% Seller Financing available

Reason for Selling:Retiring