Property Details for 0 Reel In Success Established Seafood Restaurant Now For Sale!

Year built

2007

Property size

7,000 SF

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This thriving Mobile, Alabama seafood restaurant, established in 2007, is available for purchase at $629,999. Boasting 7,000 square feet of space, this well-established business enjoys a prime corner location with high visibility and ample shared parking. The restaurant seats approximately 100 diners and benefits from a high-traffic intersection with over 70,000 cars passing daily, along with proximity to 15 major hotels, ensuring a steady stream of customers. The current lease agreement extends until September 30, 2030, with a monthly rent of $10,800. The business generates impressive annual sales of $1,583,488 and provides the seller with discretionary earnings exceeding $192,415. All recipes, manuals, and training materials will be transferred to the new owner, along with 30 days of free on-site training and the option of 60 days of paid assistance from the current owner. This is an independent concept, eliminating royalty, ad fund, and transfer fees. The restaurant is open Monday through Saturday, closed on Sunday, and employs 12 people. SBA lending may be available for qualified buyers. This turnkey opportunity presents a unique chance to acquire a profitable, established business in a high-demand location. The seller is retiring, creating this exceptional opportunity for a new owner to step in and continue the success.

Location Insight

City

Mobile

County

Mobile

State

Alabama

Longitude

-88.3434

Latitude

30.6785