Business For Sale

Restaurant & Sports Bar - Anchored Center-End Cap

Johns Creek, GA
Gwinnett County

Medlock Bridge Road


Asking Price: Annual Revenue:
$199,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant & Sports Bar - Anchored Center-End Cap Broker: Steve Josovitz
License #: 164878
Owner Financing is Available!

Quick Facts

Asking Price: $199,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2013
Employees: Not Disclosed
BBN Listing #: 486029193
Broker Reference #: 1951

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Business Overview:

Johns Creek Restaurant & Sports Bar for Sale – Anchored Center w/Regal Cinema – 6,125/sf Wrap Around End-Cap – NEW PRICING w/75% Owner Financing- Keep or Convert.

(This is an Open and Operating Business. Please be respectful and do not make any attempt to contact or speak to Staff, Management, Landlord and or Ownership. Documentation and Inspections will be provided upon request)

1. NAME/CONCEPT: Hurricane Grill & Wings a National Franchise.

2. ADDRESS/AREA INFO/SHOPPING CENTER NAME/LANDLORD & MANAGEMENT COMPANY/OTHER TENANTS: Medlock Crossing Shopping Center, 9700 Medlock Bridge Rd, STE 120, Johns Creek, GA 30097. Anchored by Regal Cinema is the main tenant of the center. Other Restaurants include Twisted Taco, Romeo’s Pizza, a Sushi/Hibachi place, an Indian Street Food Place, Chaba Thai, Luv-a-bowl, Ari Korean Steakhouse, Starbucks, Seafood restaurant and a small Italian restaurant along with a Coldstone and Sweet Frog frozen yogurt. There is also your standard nail salon, hair salon, vape store, hookah store, gym, waxing place, and some high-end boutiques and jewelers.

3. SIZE/TYPE/SEATING BREAKDOWN IN-OUT-BAR: 6,125 sq feet with 50 seats in the bar (all high-tops), 140 in the dining room, 22 on the bar patio and 30 on the patio near the dining room.

* RENTAL RATE/TERMS/OPTIONS: Rent = $6,950/month, it goes up 3% every year/sq.ft. The next raise should be in December. We have 5 years left on the initial term and 2 5-year options (where the rent increases drastically to approx. $30/sq ft); CAM = $2,141/month; Insurance = $149/month; Tax = $1,325/month, there is also $51/month that is for the sprinkler system. There are 5 years left with two 10-year options to renew.

5. OPERATING HISTORY: Opened for business in September of 2013 at a cost of $700,000 to open the doors.

6. VOLUME/NET Profit /LOSS: Books and records are not being shown other than expenses. Seller is not entertaining any transaction involving a Buyer retaining the name and current franchise.

7. HOURS OF OPERATION: We are open 7 days a week: Mon-Thur 11AM-10PM; Fri & Sat 11AM-11PM and Sunday 11AM-9PM

8. SELLING PRICE/TERMS: $199,000. Owner will consider all reasonable offers including financing up to 75% of selling price.

9. COMMENTS:
10 ton AC Unit installed this year and a new hood fan installed recently.
The POS system is Aloha.

Average Salaries/Expenses:
GM = $60k/year
AGM = $45k/year
Gas = $450/month
Electricity = $2,200-$2,800/month
DirecTV – $375/month ($1,500/month during football season for NFL Season Ticket)
Pest Control = $79/month
Comcast (internet/phone) = $220/month
ADT = $40/month

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Property Features and Assets:

SIZE/TYPE/SEATING BREAKDOWN IN-OUT-BAR: 6,125 sq feet with 50 seats in the bar (all high-tops), 140 in the dining room, 22 on the bar patio and 30 on the patio near the dining room. * RENTAL RATE/TERMS/OPTIONS: Rent = $6,950/month, it goes up 3% every year/sq.ft. The next raise should be in December. We have 5 years left on the initial term and 2 5-year options (where the rent increases drastically to approx. $30/sq ft); CAM = $2,141/month; Insurance = $149/month; Tax = $1,325/month, there is also $51/month that is for the sprinkler system. There are 5 years left with two 10-year options to renew.

Reason for Selling:

Other 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 a franchise resale opportunity.

Relevant Links:

Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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