Seller's Contact Information
- RE: Gainesville, GA Freestanding Restaurant & Bar W/RE
- Contact: Steve Josovitz
- License #: 164878
Quick Facts
| Asking Price: | $999,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | $1,590,000 | |
| Year Established: | 1977 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 545529193 | |
| Broker Reference #: | 6086 |
Business Overview:
Gainesville GA Restaurant for Sale w/Real Estate – Freestanding 7,561/SF – Below Market Auction Pricing @ $999,000
(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)
Gainesville GA Freestanding Restaurant w/Real Estate for Sale
Poor Richard’s Restaurant is located at 1702 Park Hill Dr, Gainesville, GA 30501.
7,561/SF freestanding building.
2-Story.
.95 acres.
2022 Bank Appraisal on Real Estate, Furniture, Fixtures, and Equipment $1,590,000.
Well Established.
Minutes to Lake Lanier.
Open and Operating.
Keep or Convert to any restaurant concept or retail, office, medical, etc.
Fully staffed.
Established April 7, 1977.
The upstairs ground-level dining room seats 86.
Upstairs private dining room seats 65.
Upstairs has a fully equipped service bar.
Downstairs bar and lounge is 1800/sf and seats 89.
Capacity 300.
Full bar.
Short Hours.
Zoning HB – Commercial – Restaurant
Large all-year patio.
88 Parking Spaces
Below market pricing.
Keep or Convert.
Priced at $999,000 FIRM including Real Estate, Furniture, Fixtures, and Equipment.
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Property Features and Assets:
7,561/SF freestanding building. 2-Story. .95 acres. Capacity 300. Full bar. Large all-year patio. The upstairs ground-level dining room seats 86. Upstairs private dining room seats 65. Upstairs has a fully equipped service bar. Downstairs bar and lounge is 1800/sf and seats 89 Fully staffed. Zoning HB – Commercial – Restaurant Large all-year patio. 88 Parking Spaces 2022 Bank Appraisal on Real Estate, Furniture, Fixtures, and Equipment $1,590,000.
Market Competition and Expansion:
Keep or Convert to any restaurant concept or retail, office, medical, etc.
Reason for Selling:
Other business interests.
Additional Details:
- The property is owned.
- 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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