Historic Vinings GA Paces & Vine Restaurant & Bar

Atlanta, GA
Cobb County

Vinings


Asking Price: Annual Revenue:
$500,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Historic Vinings GA Paces & Vine Restaurant & Bar Broker: Steve Josovitz
License #: 164878

Quick Facts

Asking Price: $500,000
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 #: 737229193
Broker Reference #: 4047

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Business Overview:

Historic Vinings GA Paces & Vine Restaurant & Bar w/ Patio for Sale – Fully Equipped, Fully Staffed, Open, Turnkey or Convert – $1.2M Build-Out – Well Est. – Sales Have Reached $3.2M

(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)

Paces & Vine Restaurant for Sale.
Located at 4300 Paces Ferry Rd SE #250, Atlanta, GA 30339.

The team at the helm of Virginia-Highland’s culinary icon, Murphy’s Restaurant, introduces its signature contemporary American comfort food to Vinings! Offering artful yet approachable fare with simple presentation and careful preparation, Paces & Vine offers Murphy’s signature ‘contemporary American comfort food’; staying committed to dining and living locally. Expect fun, adventurous fare with a fresh, seasonal menu.

Paces & Vine offers weekday lunch, weekend brunch, and nightly dinner service.

Fully Equipped, Fully Staffed, Open, Turnkey or Convert

Sales have reached $3.2M

Lease Term remaining: 25 months.

Options: two 5 year options – options for negotiating extensions, additional patio until the end of 2022 due to COVID (potential negotiate into a permanent lease with no additional rent)

Base Rent : $16,299.45

Cam and other pass-through expenses : CAM $1,481 TAX $1,230 INS $182 WATER $560

% Rent if any: 5.5% over a natural break point

Sq. footage of premises: 4,841 square feet

Fire Marshal occupancy number: 256
The number of seats in Dining Room: 94 approx. seats
Bar: 14 seats and is approximately 45-ft.
Additional 30-seats in the private dining room.
Main patio seats 60 seats with a fireplace.

$1.2M Opening Cost.

Established 2013.

Full back and front-of-house Staff make for a flawless transition.

Plenty of parking.

NOTE: Sale does not include name and business.

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Property Features and Assets:

Lease Term remaining: 25 months. Options: two 5 year options – options for negotiating extensions, additional patio until the end of 2022 due to COVID (potential negotiate into a permanent lease with no additional rent) Base Rent : $16,299.45 Cam and other pass-through expenses : CAM $1,481 TAX $1,230 INS $182 WATER $560 % Rent if any: 5.5% over a natural breakpoint Sq. footage of premises: 4,841 square feet Fire Marshal occupancy number: 256 The number of seats in Dining Room: 94 approx. seats Bar: 14 seats and is approximately 45-ft. Additional 30-seats in the private dining room. Main patio seats 60 seats with a fireplace. Plenty of parking. $1.2M Opening Cost. HOURS: Mon-Thu 11am-10pm Fri 11am-11pm Sat 9am-11pm Sun 9am-10pm ( Sale does not include name and business )

Market Competition and Expansion:

Ask broker.

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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