Lake Oconee/Greensboro/Eatonton GA Restaurant
Greensboro, NC Guilford County
Lake Oconee Area
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- RE: Lake Oconee/Greensboro/Eatonton GA Restaurant
- Contact: Steve Josovitz
- License #: 164878
Quick Facts
| Asking Price: | $670,000 | |
| Annual Revenue: | $1,469,011 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $304,886 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2010 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 519729193 | |
| Broker Reference #: | 6226 |
Business Overview:
Lake Oconee-Greensboro-Eatonton GA Area Restaurant for Sale w/Real Estate Option – $304,866.77 Profit on Dinner Only – 2023/2024 P&L on Broker Website
5,800/sf.
Profitable.
Lease or Buy w/Real Estate.
Monthly rent on business purchase is currently at $5,400 per month All-In.
New Long term lease to be negotiated.
Seats 160.
Bar seats 28.
Outdoor patio seats 20.
Well Established.
Fully up to code.
2022 Gross Sales $1,324,449.00 on dinners only.
2022 Net Profit $236,699.53 after paying all expenses.
2023 business up from the previous year.
2023 Gross Sales $1,469,011.00 on dinners only.
2023 Net Profit $304,866.77 Profit after paying all expenses.
Adding lunch, brunch and additional dinner shift can dramatically increase business.
Great staff in place including Executive Chef makes for a flawless transition.
Owner will provide training during the transition at no charge.
Priced at $670,000 for business. Real Estate priced at $1,000,000 but not required to buy.
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Property Features and Assets:
5,800/sf. Seats 160. Bar seats 28. Outdoor patio seats 20. Fully up to code. Lease or Buy w/Real Estate. Monthly rent on business purchase is currently at $5,400 per month, All-In. New Long term lease to be negotiated.
Minutes to Ritz Carlton Reynolds Plantation & Lake.
Greensboro Georgia Restaurant & Bar for sale.
Desirable Lake Oconee location.
Middle to a very high-income area.
Great staff in place including Executive Chef makes for a flawless transition. Owner will provide training during the transition at no charge.
Market Competition and Expansion:
Adding lunch, brunch and additional dinner shift can dramatically increase business.
Reason for Selling:
Other business interests.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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