Owner Financing is Available!
Business Overview:
This critically acclaimed restaurant is fully equipped, fully equipped and fully staffed for a very easy transition. Full training is included in sale. Keep as is or convert to any concept. 2,200 sq. ft. with seating for a 100 with very almost 20 seat bar and stunning outdoor patio seating over 50.
2010 numbers came in at approximately $1,150,000 with a net of approximately $100,000 after paying all expenses and staff. 2011 sales are averaging $100,000 to $110,000 per month with owner pulling out $8,000 to $9,000 per month after paying all expenses, $35,000 GM salary, $60,000 Chef salary, and Sous Chef $750 per week.
Priced at $325,000 with Owner financing options 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:
This restaurant and bar is located on North Highland Avenue in the Virginia Highland area which has always been the most desirable restaurant location in all of Metro Atlanta. Surrounded by restaurants, retail, galleries, and one of the highest density areas in Georgia of middle to high income homes.
Super visibility on very high trafficked road with foot traffic too boot.
2,200 sq. ft. with seating for a 100 with very almost 20 seat bar and stunning outdoor patio seating over 50. $5,495.46 per month is the base rental amount verses 6% of net sales which ever is greater.
Full training is included in sale.
Market Competition and Expansion:
Keep as is or convert to any concept.
Reason for Selling:
Relocation forces sale.
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.
Resources: