Atlanta Freestanding Restaurant & Sports Bar
Atlanta, GA Fulton County
Downtown Atlanta
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- RE: Atlanta Freestanding Restaurant & Sports Bar
- Contact: Steve Josovitz
- License #: 164878
Quick Facts
| Asking Price: | $1,900,000 | |
| Annual Revenue: | $3,295,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $822,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2018 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 215829193 | |
| Broker Reference #: | 6108 |
Business Overview:
Atlanta GA Freestanding Restaurant & Sports Bar for Sale – 2022 Net Profit $1.2M – Clean Books – 24.7 Location – Well Established – Keep or Convert
Atlanta GA Freestanding Restaurant & Sports Bar for Sale.
24.7 Location.
Keep or Convert
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.
7 year lease.
Gross Sales/Net Profit:
2018- $2.39M /$668,000
2019 $3.29M / $719,000
2020 $1.03M / 190,000
2021 $3,295M/ $822,000.
Seller states 2023 we are at 2MM in sales as of the end of August so right on pace with 2022.
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 7 year least $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. Can convert.
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 homebased business opportunity.
- This is not a franchise resale opportunity
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