Business For Sale

Seafood Restaurant-Midtown/Buckhead Area-EST 32 Yr

Atlanta, GA
Fulton County


Asking Price: Annual Revenue:
$299,000 $502,128

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Seafood Restaurant-Midtown/Buckhead Area-EST 32 Yr Broker: Steve Josovitz
Owner Financing is Available!
Generous seller financing options; SBA Pre-Approved.

Quick Facts

Asking Price: $299,000
Annual Revenue: $502,128
Net Profit: Not Disclosed
Cash Flow: $132,163
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1986
Employees: 10
BBN Listing #: 694629193
Broker Reference #: 1866

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Business Overview:

Seafood Restaurant Atlanta – Hi Visibility Buckhead/Midtown Location – Owner Retiring After 32-Years – $200,000 Net Profit – SBA PRE-APPROVED or Seller Financing – Priced Below Market

Restaurant is located on Cheshire Bridge Rd NE, Atlanta, GA 30324 at the crossroad of Buckhead and Midtown.

High visibility location close to everywhere and everywhere in Atlanta.

Established 32 years ago and still owned by original Owners.

2016 gross sales $550,000.
2016 net profit of $150,000 after all expenses.

From the 2017 corporate tax return:

Sales = $502,128
Rent = 11% of sales

+ Ordinary business income – $29,647
+ Owner salaries (include health ins – $100,727
+ Depreciation – $4,206
+ Owner auto expense – $3,637
– Payroll tax on tips (Form 8846) – $6,054

= 2017 Total for owners – $132,163

From January – July 2018 Financials
Sales = $364,532. Up nearly 30% from 2017

Rent = 9% of sales

+ Ordinary business income – $38,998
+ Owner salaries (include health ins – $75,654
+ Owner auto expense – $1,644
= 2017 Total for owners – $116,296
Annualized over 12 months – $199,365

Husband and Wife Team are Manager and Chef along with a loyal staff of six servers, 2-cooks, and dishwashers.

SBA Pre-Approved.
Priced at $299,000 with generous Owner financing options available.

(This is an Open and Operating Business. Please do not make any attempt to contact Staff, Management, Landlord and or Ownership.
Documentation and Inspections will be provided upon request)

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

3,000/sf. Seating for 100. Bar seats 8. Monthly rent is $4,720 includes all extras. Landlord will assign lease and extend lease terms.

Market Competition and Expansion:

Keep current concept or can convert.

Reason for Selling:

Retiring.

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.

Relevant Links:

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