Newk’s Eatery National Franchise–Nets $403k

Kennesaw, GA
Cobb County

Cobb Parkway


Asking Price: Annual Revenue:
$900,000 $3,361,788

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Newk’s Eatery National Franchise–Nets $403k Broker: Steve Josovitz
License #: 164878

Quick Facts

Asking Price: $900,000
Annual Revenue: $3,361,788
Net Profit: Not Disclosed
Cash Flow: $403,389
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Leased
Year Established: 2016
Employees: Not Disclosed
BBN Listing #: 179029193
Broker Reference #: 3057

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Business Overview:

Newk’s Eatery Kennesaw for Sale – $1,170,000 – Build-Out – Clean Books – $3.61M Sales – $403,000 Net Profit

(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)

Newk’s Eatery for Sale.
Located at 1975 Cobb Parkway, Kennesaw, GA 30152

4,500/sf freestanding restaurant located in nationally anchored center.

Established December 2016.

Opening costs $1,170,000.

2017 Gross Sales $3,036,251
2017 Net Profit $291,127
2018 Gross Sales $3,332,774
2018 Net Profit $228,802
2018 Net Profit was lower than in 2017 due to Management Training Salaries for the new unit.
2018 personal add-backs for all three-units combined totaled $200,000.
2019 Gross Sales $3,361,788
2019 Net Profit $403,389

Management salaries: GM $50,000, AGM $42,000, Assistant Manager $40,000 plus all are on a bonus program plus two-hourly shift Supervisors at $15.00/hr.

Sewer and Electric run about $4,200 monthly.

Staff: 15-FOH and Kitchen Staff of 20 at approximately $11.00/hr-$13.00/hr.

Royalties are 6.5% including Marketing Fees.

Franchise Transfer Fees is $20,000.
Additional Two-Units for sale.

Profitable.

No expenses spared on the state of the art build out and design.

Full Management and Staff in place for seamless transition.

Newks is Regional chain offering a menu of salads, pizzas & sandwiches in a casual setting.

$1,170,000 build-out.

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Property Features and Assets:

4,500/sf freestanding restaurant located in nationally anchored center. $17,283 per month all in, renewal November, 2026 Management salaries: GM $50,000, AGM $42,000, Assistant Manager $40,000 plus all are on a bonus program plus two-hourly shift Supervisors at $15.00/hr. Sewer and Electric run about $4,200 monthly. Staff: 15-FOH and Kitchen Staff of 20 at approximately $11.00/hr-$13.00/hr. Royalties are 6.5% including Marketing Fees. Franchise Transfer Fees is $20,000.

Market Competition and Expansion:

Ask business broker for details.

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.

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