Cafe, Bar & Lounge- Outstanding Opportunity

Not Disclosed, GA
Cobb County

Cobb County

Asking Price: Annual Revenue:
$79,000 $206,137

Recreation: Entertainment

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RE: Cafe, Bar & Lounge- Outstanding Opportunity Broker: Greg Younts

Quick Facts

Asking Price: $79,000
Annual Revenue: $206,137
Net Profit: Not Disclosed
Cash Flow: $121,266
Total Debt: Not Disclosed
FF&E: $140,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 4
BBN Listing #: 98774955
Broker Reference #: 1104-14776

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Business Overview:

This is a unique intimate, modern lounge offering cocktails, beer and a light food menu in a low-lit, chill setting. Live entertainment is also featured in the form of a DJ and live bands performing old school Funk, Jazz, R&B and Reggae. The location is excellent as it is near several residential communities and is conveniently located within walking distance of a high concentration of businesses. And, there are no other restaurants or bars in the area that offer a similar combination of food, drink and entertainment. The business appeals to the local adult population in every age group.

The owner opened the business in July, 2017 and is selling because of increased family responsibilities, and he currently owns and manages one other business. He has reduced the sale price well below market value as he needs to sell this business soon to devote his time to family and his other business. Despite the owner's limited time invested in the business, it is becoming increasing popular. Discretionary earnings increased from $89K to $121K, and annual sales increased from $167K to $206K in 2019. 2020 sales and discretionary earnings are being impacted by COVID-19, and year-end financial results will probably be below the totals for 2019.

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Property Features and Assets:

The property is leased and the furnishings, fixtures and leasehold improvements are in excellent condition since the business opened in July, 2017. The owner paid for a complete build-out of the building as the building was mostly an empty shell. Plumbing and electrical wiring had to be installed. And, the HVAC system required major repairs. The combination of seating, lighting and other furnishings create a very relaxing and comfortable environment. The building is a 2-story structure with 3,300 sq. ft. on each floor. Currently, the second floor is not being used, so there is plenty of extra space for expansion. The annual rent of $36,000 is well below the market rent as compared to the rent expense of other surrounding businesses. Total Assets Included: $143,500

Market Competition and Expansion:

Growth potential is outstanding. Both marketing and advertising could be increased. Food service and the menu could be expanded, as well as the hours of operation. Lunch could be offered as the location is near several local businesses and residential communities. More local business functions could be hosted. And, with 3,000 sq. ft. of unused space, several possibilities exist for growth and much larger events could be hosted.

Reason for Selling:

Seller does not have the time

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.

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