Business Overview:
Stunning, fully equipped restaurant and bar located in one of the most sought after Midtown, In-Town location. High traffic, middle to high income, high density spot surrounded by retail, office and residential. Incredible sidewalk visibility. Outdoor dining area is fully heated and air conditioned for all year dining but can be opened up for al fresco dining via ten custom fabricated single garage doors. Current business is grossing up to $20,000 per week and breaking even after paying GM, chef and assistant manager.
No expense was sparred in the build out that include custom made furniture, granite and wood tables and bars, special high tech lighting and all equipment, Hot Sauce POS system and very powerful five-unit HVAC systems are almost new and in mint condition. Floors are a combination of stained concrete and hardwoods. Fully equipped kitchen.
Business is for sale at $175,000 OBO. Keep or convert!
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:
Located in one of the most sought after Midtown, In-Town location. High traffic, middle to high income, high density spot surrounded by retail, office and residential. Incredible sidewalk visibility. This is a great location just steps away from Ansley Mall, Midtown Promenade, and the intersection of Monroe and Piedmont and right on the property line of the proposed Atlanta Belt-Line.
3,700 sq. ft. fully equipped. Seating for up to a 100 with 14-seat bar, 30-seat lounge and outdoor seating up to 60. Outdoor dining area is fully heated and air conditioned. Features include custom made furniture, granite and wood tables and bars, special high tech lighting and all equipment, Hot Sauce POS system and very powerful five-unit HVAC systems are almost new and in mint condition. Fully equipped kitchen with 16 foot hoods, walk in freezer and walk in refrigerator can put out at any volume.
The Real Estate and all assets contained within restaurants which includes all furniture, fixtures, and equipment could be purchased for $1,500,000. Long term lease at way below market rental rates at $7,200 per month which include water, garbage and electricity. With the Landlord paying the electric the Tenant saves the $4,000 required security deposit by GA Power.
Market Competition and Expansion:
This space is perfect for any upscale or casual concept with transition only requiring some cosmetic changes or kept as is. Current concept is a French Bistro but absentee Partners are focusing efforts on there other businesses.
Reason for Selling:
Partners focusing on other businesses.
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: