Beautiful 4200 SQFT Steakhouse in Gwinnett, GA

Not Disclosed, GA
Gwinnett County


Asking Price: Annual Revenue:
$395,000 $1,224,637

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Beautiful 4200 SQFT Steakhouse in Gwinnett, GA Broker: Steve Weinbaum

Quick Facts

Asking Price: $395,000
Annual Revenue: $1,224,637
Net Profit: Not Disclosed
Cash Flow: $204,277
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 22
BBN Listing #: 23698096
Broker Reference #: 7302

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Business Overview:

There are tons of Italian, Chinese, Sub, Fast Casual, American, Sports Bars and other "highly saturated" cuisines and concepts in Gwinnett County, Georgia and the surrounding areas. However, there are only a handful of High End Steakhouses catering to the area's residents and businesses looking for a more elegant, but affordable, dining experience. This steakhouse for sale is what you have been waiting for!

This Steakhouse for sale offered by We Sell Restaurants is getting rave reviews with SEVEN FIGURE annual sales in 2019 generating six figure Owner Discretionary Earnings. It is located approximately 40 minutes north of DT Atlanta conveniently just off of I-85.. The location has terrific access from major roads and making it the ideal destination for a nice dinner, business lunch, or special occasions. Built new less than four years ago, the owner spent upwards of $1 Million to build out and equip this beautiful state-of-the-art restaurant. This amazing high traffic location is over 4,200 square feet, seats 110 inside and 40 outsides. The rent, whether you look at it as a percent of sales or cost per square foot is an affordable $11,700 per month including your CAMS. The lease, including options to renew, has over 13 years remaining guaranteeing years of continued success.

The steakhouse for sale is always busy! The menu is what you would expect from a traditional Brazilian Steakhouse. The operation is truly turn-key. Due to Covid-19, 2020 revenue was down temporarily resulting in a $200,000 price reduction for a quick sale. Keep or convert. The build out, decor, and location is perfect for so many different concepts.

So don't miss out on this steakhouse for sale. Opportunities like these are few and far between. A much more cost-efficient way to acquire an open and operating restaurant than building it out from scratch. The hard work is done. The customer are there. All that's missing is you!

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Property Features and Assets:

CCTV Surveilance System 6 HD cameras 30 Tables 2 Benches 1 Wine Cabinet 30 Bases for Tables Entrance Furniture Single Colonial Booth Desk for Water and Tea Long Table Bathroom formica Brazilian BBQ Gas Grill Misc Skewers, Gauchos Knife Chaira Sharpener Wood Racket Holder for Skewer Tongs Misc Knives Underbar Sink Unit Back Bar cabinet refrigerated Hand Sink Ice Bin Underbar Ice Chest Underbar Glass Storage Unit Hand Sink wall mount 48 inch range Star Max Heavy Duty Griddle Charbroiler gas countertop equipment stand refrigerated base fryer convection oven hood heat lamp serving counter cold pan plate and dish dispenser prep sink misc chairs misc bar stools Tables Benches Booths POS System smallwares cold food well unit

Market Competition and Expansion:

limited number of restaurants with concept special occasions.

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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