Owner Financing is Available!
Business Overview:
Metro Atlanta full service casual Italian Restaurant & Pizzeria for sale. Fully equipped and ready to go with loyal staff in place for easy transition. Incredible location with over 9,000 homes adjacent to restaurant with household incomes of $85,000. Stunning restaurant is “state of the art” with no expense spared including exhibition kitchen. Owners spent almost $600,000 to open the doors and have no debt or loans. Sales have reached $1,600,000 with 5% to absentee owners after paying all expenses and salaries of $80,000 to GM, $25,000 Assistant Manager, Kitchen Manager $44,000 and $36,000 to. 2010 sales were $1,250,000 and profitable. 2011 sales are approximately $950,000 with new Owner who has no restaurant or business ownership experience and is running restaurant absentee. Full books and records available.
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:
Super roadside visibility and frontage with tons of parking. Space is approximately 5,000 sq. ft. with seating for almost 200 with 35 seat bar and lounge area and 40 seat outdoor patio. Long term lease at $8,500 per month includes all extras.
Market Competition and Expansion:
This can be kept as is or converted to any concept. Italian has been a proven concept at this location but this could easily with very little money be converted to Mexican, tavern, sports bar, etc. This restaurant has incredible potential with on-site and hands on Owner running thing. Adding delivery is another option in addition to some marketing.
Reason for Selling:
Absentee owner.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.