Business Overview:
Freestanding high-traffic, high-visibility, middle to high-come Alpharetta restaurant row location steps from North Point Mall. Opened years back at a cost of almost $4,000,000 for real estate and build-out. Stunning build-out with over $500,000 spent on furniture, fixtures and equipment alone. Kitchen is “state of the art” and can produce any cuisine at any volume. Parking for over 150 pus cross easement for additional parking.
Well known, high visibility North Fulton County Landmark at GA 400 ramps. Restaurant is surrounded by a regional mall, tons of retail shopping centers, restaurants, office high rise, hotels, and an incredible middle to high income residential base. Estimated daily retail sales plus food and drink total almost $2 billion.
Almost nine years remain in current lease. Current National Chain Tenant will provide rental concessions to bring rent down to $25,000 per month plus extras at $4,166 per month.
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:
9,000 sq. ft. restaurant and bar with 1,500 sq. ft. outdoor patio and covered storage. Available as a long term sub-lease with no key money required. Parking for over 150 pus cross easement for additional parking. Almost nine years remain in current lease. Current National Chain Tenant will provide rental concessions to bring rent down to $25,000 per month plus extras at $4,166 per month.
Well known, high visibility North Fulton County Landmark at GA 400 ramps. Restaurant is surrounded by a regional mall, tons of retail shopping centers, restaurants, office high rise, hotels, and an incredible middle to high income residential base.
Alpharetta is a city in north Fulton County, Georgia, United States. It is one of the most affluent communities in the state. According to a 2008 estimate, Alpharetta’s population is 49,903. However, during the workday, the city swells to more than 120,000 residents, workers, and visitors, due to the more 3,600 businesses that are located in the city
Market Competition and Expansion:
Alpharetta is one of the most affluent communities in the state of Georgia. The median income for a household in the city was $184,207, and the median income for a family was $146,175. Males had a median income of $79,275 versus $59,935 for females. The per capita income for the city was $61,432. About 2.9% of families and 1.2% of the population were below the poverty line, including .3% of those under age 18 and .6% of those age 65 or over.
North Point Mall, is a super-regional shopping mall, located in Alpharetta, Georgia (a suburb of Atlanta). The mall opened on October 3, 1993 as one of the largest shopping malls in the country.
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 a franchise resale opportunity.
Resources: