Rare Orange Beach Restaurant/Bar Across From Beach

Business Overview:

This business is located across the street from the beautiful beaches of Orange Beach Alabama. The restaurant/bar is part of a center that includes retail shops and a hotel and there is plenty of parking available for the customers. The business has been operating for the past 4 years and there is one year left on the 5 year lease but there is a 5 year option to re-new or you may re-negotiate the lease. The asking price for this 7900 square foot restaurant is $425,000 plus the inventory. The interior of the business is well decorated in a beach atmosphere that is soothing to diners and will accommodate over 150 customers. The business operates as a dine-in, take-out, delivery and catering operation. The business hours are Monday through Thursday from 4:00 pm until 9:00 pm and until 10:00 pm on Friday and Saturday. The views of the pristine white sand beaches and ocean as well as the natural habitat that surrounds the building are a soothing addition to a great dining experience. 

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Property Features and Assets:

The property is located across the street from the beaches and the indoor dining area including the kitchen and a walk-in freezer and cooler and storage consists of 7900 square feet. The equipment, furniture and fixtures were all purchased new and are of the latest technology for fast efficient cooking time and consistent quality. The Bar area will seat over 30 and service includes custom craft cocktails as well as wine, domestic and craft beers. The dining area will service up to 150 customers and has space for private and event dining. 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. Construction of a patio area had begun but has not been finished.

Market Competition and Expansion:

The competition in the Orange Beach area is very strong but there is enough business for everyone. This past year, the area had 8 million tourists and $7.3 billion dollars were spent on retail, restaurants, and accommodations. Expansion of the business could be through the addition of items on the menu as well as an aggressive catering campaign along with the addition of more craft beers. There are 21 high rise condominiums within a mile of the business that offers delivery capabilities that could be offered to every complex. 

Reason for Selling:

Additional Details:

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