Business Overview:
This an innovative and food, bar venue and ultra lounge. Super high traffic and high visibility location in the “Heart of Buckhead’s” upscale retail and residential district and breathes new life into the Buckhead-Atlanta restaurant scene. This stylish restaurant caterers to professional crowd where the well connected can socialize in a modern relaxed environment.
Over $1,000,000 in hard costs was spent to open doors in addition to cost of Real Estate. No expense was sparred to create this stunning space.
Absentee Owners and Partners who run any shifts pull out almost a $100,000 per year on $1,000,000 sales after paying $50,000 GM and $45,000 Chef salaries and all expenses. Seller will entertain all offers and is very motivated as they have other business ventures that take up almost all of their time.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Features include 20-seat granite bar, modern lighting, modern decor, state of the art sound and video system, high tech DJ booth, touch screen POS System, super high ceilings, and fully equipped kitchen with a $30,000 wood burning pizza oven.
Seating for 100 with 20 seat bar and 40 seats outdoors. When tables are removed at night the space accommodates 275 in a lounge set-up.
Several lease and or purchase options are available to acquire this business and or property:
Option One: $1,550,000 for real estate and all assets including furniture, fixtures, equipment and full use of Health Club, Pool and all amenities of Eclipse Hi-Rise and free parking. Business is included at no additional cost with the purchase of real estate.
Option Two: RE Purchase Option with Long term lease at $10,000 per month includes RE Taxes, RE Insurance, and full use of Health Club, Pool and all amenities of Eclipse Hi-Rise and free parking.$100,000 down payment is required in addition to first months rent and a months security deposit to purchase property and all assets of business. $100,000 will be credited towards selling price . Seller will finance the difference of the current mortgage and selling price over five year period at attractive Owner financing terms. Business is included at no additional cost with the purchase of this option.
Option Three: $249,000 for the business and all assets including business, furniture, fixtures and equipment. Long term lease at $10,000 per month includes RE Taxes, RE Insurance, and full use of Health Club, Pool and all amenities of Eclipse Hi-Rise and free parking.
Reason for Selling:
Other business ventures.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: