Award Winning Restaurant Steps From The Beach
Award Winning Restaurant Steps From The Beach
Price: $825,000
Location: Chatham
Industry: Retail Trade (NAICS 44-45), Real Estate (NAICS 531), Food Services and Drinking Places (NAICS 722)
Listing ID: 1149
Live and work just steps from the beach one one of Georgia's most popular vacation destination islands. This opportunity includes a world-famous restaurant plus adjacent rentable residential and commercial property. Or, you could just move in yourself and live next to your business! Just 20 minutes from downtown Savannah, this business comes with a great reputation and superb location, plus financing, staff and training. Seize the opportunity of a lifetime that comes with the bonus of an idyllic life at the shore. The surf and sand are calling!
Gross Revenue: $1,078,142
Cash flow: $274,445
Reason For Sale:
Sellers are retiring
Training & Support:
Mutually Agreeable
Year Established: 1976
Facilities Information:
This business is being offered as a packaged deal with 3 parcels of real estate.
1. The corner business property $842,000.
2. A residence or vacation rental property $515,000.
3. A commercial retail potential rental property $259,000.
Location, Location, Location!!
Competition:
This business is in a terrific location and at times has more business than they can handle.
Potential Growth:
They currently open for one meal a day, adding another meal and additional hours could greatly increase sales and profits.
Renting the commercial property next door could also bring in additional revenue.
The new owners could live in the house nearby or rent it as a vacation rental for additional revenue.
Financing/Terms:
Sellers may consider some financing