Downtown Atlanta GA Restaurant & Bar-Freestanding

Atlanta, GA
Fulton County

Downtown Atlanta


Asking Price: Annual Revenue:
$2,400,000 $3,295,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Downtown Atlanta GA Restaurant & Bar-Freestanding Broker: Steve Josovitz
License #: 164878

Quick Facts

Asking Price: $2,400,000
Annual Revenue: $3,295,000
Net Profit: Not Disclosed
Cash Flow: $880,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: Not Disclosed
BBN Listing #: 215829193
Broker Reference #: 5032

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Business Overview:

Downtown Atlanta GA Restaurant & Bar for Sale – Net Profit Almost $1M – Clean Books – Freestanding – Hot Location – Well Established – SBA Friendly

Downtown Atlanta GA Restaurant & Bar for Sale.

Freestanding

Net Almost $1M.

Clean Books.

Freestanding 6,150/SF.

Size:
Down bar 14 seats
Down Restaurant table seating for approx 80
Outside 6 tables/ 24 seats (this could be expanded)
Upstairs bar 14 seats
Upstairs restaurant 11 tables/46 seats
Upstairs patio 4 tables/ 16 seats
Private events upstairs with 125+ in cocktail setup
Full buyout events for 300-400 people in a cocktail setup

Hot Location.

50/50 Food to Alcohol Mix

Well Established.

SBA Friendly

Rent is $11,468.50 Rent per month.
Real Estate annual taxes $22,081

$6,239 Insurance paid to Landlord paid annually.
$2,794 Solid waste tax bill paid annually.
$6,239 Insurance paid to Landlord paid annually.

Gross Sales/Net Profit:
2018- $2.39M /$668,000
2019 $3.29M / $719,000
2020 $1.03M / 190,000
2021 $3,295M/ $822,000.

No long-term debt.

No assumable loans.

Reason for sale: Owners Transitioning to our property management real estate business.

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Property Features and Assets:

Freestanding 6,150/SF. Size: Down bar 14 seats Down Restaurant table seating for approx 80 Outside 6 tables/ 24 seats (this could be expanded) Upstairs bar 14 seats Upstairs restaurant 11 tables/46 seats Upstairs patio 4 tables/ 16 seats Private events upstairs with 125+ in cocktail setup Full buyout events for 300-400 people in a cocktail setup Rent is $11,468.50 Rent per month. Real Estate annual taxes $22,081 $6,239 Insurance paid to Landlord paid annually. $2,794 Solid waste tax bill paid annually. $6,239 Insurance paid to Landlord paid annually. GM salary – $74,000 KM – $42,000 Utilities $24,000 Staff breakdown: 8 Kitchen/ 5 BOH / 10 FOH/ 4 Managers (who also sometimes Bartend)

Market Competition and Expansion:

Ask broker for details.

Reason for Selling:

Other business interests.

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.

Relevant Links:

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