Profitable Upscale Restaurant in Alpharetta

Alpharetta, GA
Fulton County


Asking Price: Annual Revenue:
$675,000 $1,926,946

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Upscale Restaurant in Alpharetta Broker: Steve Weinbaum

Quick Facts

Asking Price: $675,000
Annual Revenue: $1,926,946
Net Profit: Not Disclosed
Cash Flow: $238,198
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 21
BBN Listing #: 84138096
Broker Reference #: 7618

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Business Overview:

Buy This Profitable Upscale Restaurant for Sale in Alpharetta Georgia. 2019 Sales of almost $2 Million Dollars combined with Excellent Food / Reviews in a Desirable Location with a Base Rent at less than 3% of Net Sales all Contribute to Earnings of Over $220,000 for an Owner Operator. An absentee Owner should be able to net $170,000 with a Chef and Manager in Place. Multiple years of books and records should qualify this location for SBA Lending.

This iconic Alpharetta Restaurant for Sale opened more than five years ago and has been delighting guests for many years. The menu is always fresh and seasonal using locally sourced ingredients when possible. The lunch menu serves the very robust business community with delicious and reasonably priced salads, sandwiches, and other main courses... perfect for area workers and executives. The dinner menu steps it up a notch with freshly prepared seafood, chicken and meats. You would think food of this quality would demand a hefty price but most dinners are $30 or less with lunches in the mid-teens. Amazing food combined with a unique modern and inviting multi-level indoor/outdoor setting have created a continuous buzz about the popular and profitable restaurant in Alpharetta. Social media reviews are all four stars and above with rave comments about the food quality, service and ambiance.

This restaurant for sale can seat up to 150 guests in the main dining area, bar, and outdoor area(s) but only 2,000 square feet are considered interior keeping the base rent an amazing $4,801 NNN per month plus CAMS, Property Taxes and Insurance. The lease has just under four years remaining on the current term and contains a five year option to extend ensure the next owner years of continued success. Its location could not be better situated in a very popular destination for eating and shopping. Don't miss out! Contact your restaurant broker at We Sell Restaurants today to learn more about this unique opportunity.

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Property Features and Assets:

18 Inside tables 18 Bar chairs Long booths along wall 54 Inside chairs 70 Deck and outdoor chairs 19 Deck and Outdoor Tables 4 high chairs 1 oven 1 fryer 1 washing machine 5 sinks 2 food coolers under expo window 1 ice machine 1 glass washer at bar 2 long coolers for beer 2 TVs 1 Stove 1 Microwave POS system with terminals and printers Alarm System Cookware Barware Serveware Smallwares

Market Competition and Expansion:

High traffic area Foodie Destination Downtown alpharetta, in the center of business and recreational and shopping small farm to table local and quaint Restaurant, which is a great place for business meeting, women club and just get together place to hang out. And a great date night with a l

Reason for Selling:

Other

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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