Business For Sale

Established Stand Alone Restaurant And Bar Newnan

Newnan, GA
Coweta County


Asking Price: Annual Revenue:
$350,000 $1,068,580

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Established Stand Alone Restaurant And Bar Newnan Broker: Driss Senhaji

Quick Facts

Asking Price: $350,000
Annual Revenue: $1,068,580
Net Profit: $169,363
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 15
BBN Listing #: 869156631
Broker Reference #: Not Disclosed

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Business Overview:

An Absentee owner neighborhood favorite Bar and Grill serving steaks, seafood and other lite fairs, been operating profitably since 2014, located in a super busy road right in the center of fast growing Newnan, GA. The restaurant is 3,000 +/- with a large patio and sits on an acre of land with plenty of parking.
Management for front of the house and kitchen are in place, chef driven menu items that keeps locals coming back on a weekly basis.
Great lease in place with 2 years remaining and an options to renew, Occupancy costs of $5,000 rent per month that includes taxes and insurance.
Seating for over 100 people inside and 50 people in outdoor covered patio.
Sales for 2017 are $1,068,580 with the owner netting around $170,000. Asking price of $340,000 that includes an inventory of $25,000.

PROOF OF FUNDS AND SIGNED NDA MUST BE RECEIVER PRIOR TO DISCLOSING ANY FURTHER INFORMATION. THIS IS AN OPERATING BUSINESS; PLEASE REFRAIN FROM SPEAKING TO STAFF OR MANAGEMENT.

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Property Features and Assets:

3,000 +/- square feet self-standing building in over an acre of land with plenty of parking and a huge covered patio.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is not 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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