Atlanta Freestanding Restaurant & Bar W/Lg. Patio
Atlanta, GA Fulton County
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- RE: Atlanta Freestanding Restaurant & Bar W/Lg. Patio
- Contact: Steve Josovitz
- License #: 164878
Quick Facts
| Asking Price: | $1,500,000 | |
| Annual Revenue: | $6,737,917 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $1,282,562 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 75 | |
| BBN Listing #: | 940929193 | |
| Broker Reference #: | 6152 |
Business Overview:
Solid Books & Tax Returns.
Semi Absentee Owner runs zero shifts. .
Turnkey.
Keep or Convert.
6,000/SF Approximately.
Freestanding on 3-acres.
Seating for over 100.
Outdoor covered patio seats 100.
Full Bar.
Sales have reached $7,421,048.
2022 Gross Sales $6,737,917.91.
2022 Net $1,282,562.85
2023 Sales & Profit on track for another killer year.
$20,000 monthly rent all in.
Extra rent is 8% over $3,000,000.
Term remains on lease with two-five year options to renew.
Full Staff of 75.
General Manager at $90,000.
Assistant Manager at $78,000.
2-PM Managers at $52,000 each.
Event Manager at $65,000.
Kitchen Manager at $125,000.
3-years of Federal Tax returns available.
Well Established.
Priced at $1,500,000 with some Owner financing options.
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Property Features and Assets:
Turnkey. Keep or Convert. 6,000/SF Approximately. Freestanding on 3-acres. Seating for over 100. Outdoor covered patio seats 100. Full Bar. $20,000 monthly rent all in. Extra rent is 8% over $3,000,000. Term remains on lease with two-five year options to renew. Full Staff of 75. General Manager at $90,000. Assistant Manager at $78,000. 2-PM Managers at $52,000 each. Event Manager at $65,000. Kitchen Manager at $125,000.
Market Competition and Expansion:
Keep or convert.
Reason for Selling:
Semi-Absentee owner
Additional Details:
- The property is Leased.
- 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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