Restaurant for Sale earns Owner $220,000

Not Disclosed, GA
Fannin County


Asking Price: Annual Revenue:
$799,500 $2,158,983

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant for Sale earns Owner $220,000 Broker: Steve Weinbaum

Quick Facts

Asking Price: $799,500
Annual Revenue: $2,158,983
Net Profit: Not Disclosed
Cash Flow: $224,680
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2009
Employees: 51
BBN Listing #: 72298096
Broker Reference #: 7238

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Business Overview:

Truly Unique and Phenomenal Restaurant for Sale Opportunity. Earn Over $200,000 Annually by Owning this Iconic and Wildly Successful Restaurant just a short 90 Miles North of Atlanta in the Georgia Mountains. Qualifies for Lending -- Some Owner Financing! This Profitable Restaurant For Sale has Been Open and Operating for a decade and had 2019 Annual Sales Exceeding $2 Million...and that's only being open five or six days per week, depending on the time of year. The Amazing Lease Rate is only 4% of Net Sales. Full staff including a Chef in Place make this ideal for someone looking for a strong investment. Good Books and Records will qualify for SBA Lending with just 20% down. The Owner will even consider some Seller Financing for a Well Qualified Buyer. Whether you are a Chef looking for a beautiful and profitable business to take over, a General Manager looking for an existing successful operations to run or an investor looking for a strong return on investment, this is the one for you. Situated in the heart of the North Georgia Mountains, this restaurant for sale offered by We Sell Restaurants has been serving up fresh delicious food for the last decade. Their customer base is a terrific mix of locals, who come again and again for the great cuisine, friendly service and value, and the thousands of visitors who come up every year for the festivals, apple picking, wine tasting, and beautiful weather just to escape the day-do-day grind of the city. Reviews on this restaurant for sale are four stars and comments such as "Delicious Food, Beautiful Restaurant, and Terrific Service," fill the pages of all the social media sites. The restaurant for sale is a very impressive 5500 square feet that can seat over 100 guests inside and out and on multiple floors. The rent is only $7,242.50 per month for this beautiful free-standing building with plenty of parking. That equates to around 4% of sales contributing to Owner Discretionary Earnings of $220,000. the area is Booming... Two new hotels are being built literally within walking distance of the restaurant. There are three years remaining on the current lease and the new owner can add to the term, and/or options to extend. Due to the high volume and great earnings, this profitable restaurant for sale by your business brokers should easily qualify for SBA lending and the owner would consider a seller financing scenario for a well-qualified buyer. So if you want the lifestyle and comfort that the North Georgia Mountains can provide and the income level to enjoy it, contact us today for more information on this restaurant for sale opportunity.

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Property Features and Assets:

To come and will be updated asap Includes everything owned in the restaurant all table and chairs all kitchen equipment all decor

Market Competition and Expansion:

We are a booming tourist town with a large number of new year-round homeowners moving to the area. We created the food scene in the area, which is now a booming foodie town with wineries, breweries and a growing entertainment outlet.

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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