Business For Sale

Cafe, Bar & Lounge-Unique Concept-Strong Growth

Not Disclosed, GA
Cobb County

Cobb County

Asking Price: Annual Revenue:
$250,000 $167,226

Recreation: Entertainment

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RE: Cafe, Bar & Lounge-Unique Concept-Strong Growth Broker: Greg Younts

Quick Facts

Asking Price: $250,000
Annual Revenue: $167,226
Net Profit: Not Disclosed
Cash Flow: $88,518
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 Jazz Bands. The location is excellent as it is near several residential communities and 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.

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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. Total Assets Included: $143,500

Market Competition and Expansion:

Growth potential is outstanding. The business has been open since July, 2017 and the owner has had limited time to devote to the business due to another business commitment and increased family responsibilities. 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:

Does not have time to devote to business.

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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