Business For Sale

Restaurant & Bar/Lake Oconee-Lease or Buy

Greensboro, GA
Greene County

Lake Oconee


Asking Price: Annual Revenue:
$1,300,000 $1,400,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant & Bar/Lake Oconee-Lease or Buy Broker: Steve Josovitz
License #: 164878
Owner Financing is Available!
The owner would finance with as little as 25% down to very strong credit worth Buyer.

Quick Facts

Asking Price: $1,300,000
Annual Revenue: $1,400,000
Net Profit: Not Disclosed
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $825,000
Year Established: 2010
Employees: Not Disclosed
BBN Listing #: 439829193
Broker Reference #: 1898

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Business Overview:

Greensboro Georgia Restaurant & Bar – Lake Oconee – Profitable – Lease or Buy w/Real Estate – Owner Financing.

Greensboro Georgia Restaurant & Bar for sale.

Desirable Lake Oconee location.

Middle to a very high-income area.

Greensboro is a town filled with gorgeous scenery, a quaint and historic downtown, and delicious food.

Profitable. Established for ten years.

Lease or Buy w/Real Estate.

Monthly rent on business purchase only will be $6,000 per month plus $300 CAM.
Real Estate Taxes are $4,000 per year.

Mint condition with recent $250,000 renovation to the kitchen.
Fully up to code.

2017 Gross Sales $1,400,000 on six dinners only.
2017 Net Profit $200,000 after paying all expenses.

2018 business up from the previous year.

Adding lunch, brunch and additional dinner shift can dramatically increase business.

Great staff in place makes for a flawless transition.
Retiring Owner will provide training during the transition at no charge.

The owner would finance with as little as 25% down to very strong credit worth Buyer.

Priced at $1,300,000 for business and real estate or purchase business only for $425,000.




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Property Features and Assets:

Freestanding 5,800/sf. Seats 140. Bar seats 20. Outdoor patio seats 20. Monthly rent on business purchase only will be $6,000 per month plus $300 CAM. Real Estate Taxes are $4,000 per year. Mint condition with recent $250,000 renovation to the kitchen. Lease or Buy w/Real Estate. Retiring Owner will provide training during the transition at no charge.

Market Competition and Expansion:

Adding lunch, brunch and additional dinner shift can dramatically increase business.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • 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:

Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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