1150 Restaurant Street. Restaurant & Sports Bar Comb0

Description

Established Alaska Hospitality Business Package

Kenai Peninsula, Alaska | Offering Price: $1,150,000

Listing Overview NOTE: picture are for demonstations and are not actual picture of the property.  Confidential Listing 

Rare opportunity to acquire two established and complementary hospitality businesses on Alaska's Kenai Peninsula. This combined offering consists of an established full-service restaurant with substantial dining and banquet/event facilities, together with an adjacent popular sports bar featuring indoor and outdoor seating.

The businesses offer a long operating history, established customer recognition, strong normalized owner cash flow and extensive existing restaurant and bar infrastructure.

Investment Highlights

• Offering Price: $1,150,000
• Two established operating businesses
• Full-service restaurant with large dining and banquet/event facilities
• Popular sports bar operation with indoor and outdoor seating
• Two liquor licenses, subject to transfer and applicable regulatory approval
• Established commercial kitchens and bar facilities
• Furniture, fixtures and operating equipment included, subject to final asset schedule
• Long-established operating history and customer recognition
• Approximately 11,300 SF of operating space
• Ample associated customer parking
• Anticipated gross lease at approximately $0.90/SF per month
• Estimated occupancy cost approximately $10,170/month ($122,040/year)
• Final lease rate and terms negotiable with the property owner
• NO REAL ESTATE INCLUDED
• Financial Performance
• The combined businesses have demonstrated strong normalized owner cash flow and improving recent operating performance.

APPROXIMATELY 25% LEASE-ADJUSTED NORMALIZED
SDE-TO-PURCHASE-PRICE RETURN

This indication is based on historical normalized Seller's Discretionary Earnings after allowing approximately $122,000 annually for the anticipated gross lease. Actual results will vary based on final lease terms, operations, financing, taxes and buyer-specific expenses.

Detailed financial statements, normalized SDE calculations and supporting business information are available to qualified prospective purchasers subject to confidentiality requirements.

Lease Opportunity

Real estate is not included in the sale. The current property owner intends to establish a new commercial lease with the business purchaser for approximately 11,300 SF together with associated customer parking.

The seller has indicated an anticipated rental rate of approximately $0.90 per square foot per month, or approximately $10,170 monthly, with the expectation of a gross lease structure. Final rental rate, lease term, renewal options and other lease provisions are negotiable and will be established in connection with the business transaction.

Business & Asset Offering

The offering is intended to include the going-concern restaurant and sports-bar businesses together with customary operating assets, furniture, fixtures and equipment, transferable goodwill and two (2) reported liquor licenses, subject to final verification and regulatory approval.

Food and beverage inventory may be handled separately at verified cost at closing.

Suggested Buyer Profile

Experienced restaurant or bar operators

Regional hospitality companies

Multi-location restaurant operators

Owner-operators

Investors seeking an established Alaska hospitality platform

Buyers seeking significant existing infrastructure without the additional capital requirement of purchasing the underlying real estate

Confidential Offering

This is a confidential business offering. Business names, exact revenue, detailed financial statements and underlying SDE calculations are intentionally withheld from public advertising. Additional information is available to qualified prospective purchasers following appropriate confidentiality procedures.

Offering Price: $1,150,000

Showing Instructions:

Contact  Thomas M Lucas III 907-521-5511 or  Email contact here 

All inquiries and showing requests must be directed exclusively to the listing licensee. Because this is a business offering, interested parties are prohibited from contacting the business, its employees, suppliers, or customers directly. Any attempts to visit the premises, request information, or engage with staff  will require a compleated NDA. .Qualified buyers will be provided access to additional details and property tours only after coordinating with the listing licensee and completing any required confidentiality agreements