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Quick Facts
Asking Price: | $549,000 | |
Annual Revenue: | $1,187,190 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $241,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 11 | |
Employees: | Not Disclosed | |
BBN Listing #: | 728729193 | |
Broker Reference #: | 6090 |
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Business Overview:
Kennesaw GA Restaurant & Bar for Sale w/Patio – High Traffic Location – Absentee Owner – $241,000 Profit – Well Est – Clean Books
Kennesaw GA Restaurant & Bar for Sale w/Patio
Very high traffic with middle to high incomes.
Super 24/7 location but lunch is huge.
2022 Gross Sales $1,187,190.04
2022 Net Profit $241,000 ( $155,000 net profit $80,000 Owner salary )
2023 numbers are tracking to be about the same as the previous year.
Operating Partner worked about 55 hours a week but recently relocated out of state. Operating Partner replaced with GM and KM.
GM is at an annual salary of $35,000.
The Kitchen Manager is at $50,000.
Full Staff of 10-12.
Beer and Wine.
Fully equipped.
2,800/sf.
Seats 78.
Bar seats ten.
Outdoor patio seats 30.
Well established.
Rent is $6,700, all in.
Several years left on the lease with a 5-year option.
Landlord on board to extend the lease.
One of the highest-rated restaurants in GA on Social Media.
Full support and training.
Keep or convert.
Priced at $549,000 with some Owner financing options available.
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Property Features and Assets:
Fully equipped. Beer and Wine. 2,800/sf. Seats 78. Bar seats ten. Outdoor patio seats 30. Rent is $6,700, all in. Several years left on the lease with a 5-year option. Landlord on board to extend the lease. One of the highest-rated restaurants in GA on Social Media.
Market Competition and Expansion:
Keep or convert.
Reason for Selling:
Relocation
Additional Details:
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