Business Overview:
This is an incredible turn key opportunity at a fraction of the original start up cost of almost a $1,000,000. A “hands-on” owner operator can take this to the next level.
Independent upscale casual restaurant that is one of a kind in Southwest Atlanta. The restaurant was designed to meet the needs of patrons who often ventured to Buckhead and Midtown for dining, giving them a neighborhood alternative. The restaurant features a world class chef, warm atmosphere and live music on week-ends. With it’s open kitchen that allows great aromas to circulate, it has become a neighborhood gathering place.
The restaurant opened at the beginning of the second worse economic downturn in our nation’s history. Despite the challenging environment, it has survived where more seasoned businesses have failed. A combination of loyal customers, committed owners and a drive for excellence has provided the necessary focus to keep this business moving in a positive direction. It has been fortunate to host a number of major events: Black in America viewing party; Black Entertainment Television Host Restaurant; Georgia Black Legislative Caucus Event; American Kidney Fund Wine Event; Tru Color Theater Cast Party and the Monica reality show to name a few. Named as one of the best new restaurants by Jezebel Magazine in 2008, it has quickly become a favorite for local politicians, celebrities and tourists.
2008. Revenues $994,658.00 Loss $278,474.00. Dep $59,278.00. 2009. Revenues $1,046,122.00 Loss $119,511.00. Dep $43,646.00. 2010 Revenue through November 9th $979,678.00.
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:
High traffic, high visibility, middle to high income location in the Historic Cascade Corridor in SW Atlanta. This 4,100 sq. ft. restaurant is in the heart of one of the most affluent minority populations in the United States. Easy access from the interstate with an abundance of parking.
Rental commencement date of October 4, 2007. A 60 month lease with an option for 60 additional months. Current rate is $6,105 per month plus CAM charges which are approximately $1,700 per month.
Sales price includes all FF&E. It does not include the name (Landon’s), recipes or other trademarked items. Buyer must be able to assume lease and qualify for a liquor license.
Restaurant seats 120 guests. Enclosed patio with trifold doors for warm weather dining. Patio seating with waterfall. Two flat screen televisions in an intimate bar setting. Projector and screen for laptop presentations, DVD and Satellite Viewing in the enclosed patio. Private dining room seats 25. No liens on this property. Locker area and separate bathroom for employees.
Market Competition and Expansion:
Profitability can be realized by adjusting salaries, adjusting partner benefits and more focused front end management.
Good relationship with wine store tenant for cross promotional opportunities.
Reason for Selling:
Please inquire.
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.