Under Contract: Marietta Square Restaurant & Bar

Marietta, GA
Cobb County

Atlanta Metro West


Asking Price: Annual Revenue:
$383,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Under Contract: Marietta Square Restaurant & Bar Broker: Steve Josovitz
License #: 164878
Owner Financing is Available!

Quick Facts

Asking Price: $383,000
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: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 427229193
Broker Reference #: 3097

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Business Overview:

UNDER CONTRACT 6/21/21:
Historic Marietta Square Restaurant & Bar for Sale – Incredible Lease – Equipped Stunning Turnkey For Any Concept or Keep As-Is

Location! Top 3 Best Location in all of Ga. Historic Marietta Square ….. Don’t Need To Say Much, Have To See For Yourself…..
Bar/Restaurant for Sale–*Very Special Space*-Fully Equipped–Brand New Everything- Great Lease – Owner Financing

Place is Special to say the least…. Over $500,000 spent with acquiring space from past owner, and buildout, design, furnishings…… Pictures will be furnished by owner once approved with NDA

All you need is your staff!! Which is another great point about this place you don’t need many !

2.700 Sq ft. 5 yr Lease w/ 4 years remaining with a 10 yr option then as long as good standing it becomes forever lease! Never exceeding $3,000 / Month Current rent is $2500.00 all in Everything

In years ¾ $2750.00 All-In Year 5 $3,000 All-In never exceeding that …..

Exquisitely Decorated by Award-Winning Designer, Every Detail has been addressed.

This is a 30 year operator extremely knowledgeable Investor. Seating for over 85 between inside and out… all equipment is owned and Lien Free and mostly Brand-New w/ warranty!! 2 Brand New Dishwashers Lease $100.00 per month each, and a Brand New Ice Machine w/ Cleaning and all service and parts included for lifetime $150 per month. Opened for one week (1) with documented sales of over $60k

*Option for Valet parking was Planned and Approved :ONLY VALET ON SQ ! THIS HAS HUGE POTENTIAL

Liquor License can be arranged for a Management Deal to work under until next fiscal year. Also license comes with ability to sell retail.

16-20 seat capacity Bar (Largest on The Sq.) Complete Set up to the Nines !

Glassware spend was over $12k, TV’s (top of the line) (Most on the Sq)

All New Equipment, Coolers, Freezers, Bar Sinks, Drain Boards, Ice Wells

Custom Made Booth/ Bench Seating, with All New Custom Made Tables And seating for the space.

State of the Art Computer System (POS) PAID over $18k (No Lease) hardly any Fees! Spot-On System 4 Terminals, Coffee and Tea Machines Owned…Water Filtration System for House Filtered Water

Company Office Fully Equipped, Printer, Computer, Security Cameras System, Hi-Speed Fiber

Bathrooms, Fully Tiled all new fixtures

A/C/Heat is New and 2 Units at 8 tons per.

Kitchen

Brand New Fire Ansul System and Extinguishers (over $17K)

Walk-In New 8×7, All Shelving, Liquor Cabinet, $6,000 Prep Table (must See)

Beer/Wine Fridge, Slicer, Tables S/S (6-8), One Door Freezer, Double Convection Ovens, 6 Burner Hi-Output Sautee Flame w/ 36’ Palancha Grill w/ Double ovens, Salamander, 2 80lb Fryers, 3 Cold Units For Line over 8 doors w/ 4 drawers, Expediter Line, Service Area, Plates, Platters, Bowels are all New and designer, European Custom Silverware, and other smallwares, Sautee pans are New and pots and pans all new.

Outside storage

Very reasonable Power and Water & All Utilities

All in Rent, Power&Water, Gas, Trash (Picked up everyday!) $3,200-$3,700 !

Cable/Internet/Phone $380-$425 Just added the Bally Sports Channel for Braves and Hawks Games.

$383,000 with Owner financing options available.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

2,700 Sq ft. 5 yr Lease w/ 4 years remaining with a 10 yr option then as long as good standing it becomes forever lease! Never exceeding $3,000 / Month Current rent is $2,500.00 all in Everything

Market Competition and Expansion:

Ask broker.

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 not a franchise resale opportunity.

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