Absentee-Owned Restaurant with Property in Swainsboro, GA! Yearly Net Profit over $158,000!
Absentee-Owned Restaurant with Property in Swainsboro, GA! Yearly Net Profit over $158,000!
Price: $899,000
Industry: American Restaurants, Other Restaurants and Food
Listing ID: SWAINSBOROGARESTAURANT899K
Yearly sales are over $892,000! Yearly Net Profit is over $158,000!
Seller is absentee! Huge opportunity for an Owner-Operator to take over!
Food and paper cost is extremely high at 46% because Seller is absentee! Owner-operator can reduce the food cost to 40%, which would increase Net Profit an additional $53,500!
Business has been established since 1969 and is a landmark in Swainsboro!
Seller just put in a brand new roof and HVAC last year!
2 hours from Atlanta, GA. 1 hour 30 mins from Augusta, GA and Macon, GA!
6 miles from universities like East Georgia State College with over 3,000 students, 131 College Circle, Southeastern Technical College, and Swainsboro High School with over 700 students.
Surrounded by manufacturing plants like W.L. Installers, Ogeechee Steel Inc., Tractor Supply Co., Advanced Metal Components, Inc., Coastal Plain Ventures, LLC d/b/a American Steel Products, CarbonXT Inc. - Black Birch Plant within 4 miles.
3 miles from apartment complexes like Latitude105, EGSC - Housing, Quail Ridge Townhouses, and Moring Apartments Ltd.
5 miles from a new subdivision being developed with 47 new homes!
3 miles from a downtown development that plans to grow retail, office, and residential properties, a main street market houses more than 60 vendors, offering a variety of local art, antiques, crafts, unique gifts, and more,
Average traffic count of 12,800 vehicles passing by the restaurant each day!
Asking Price for Business and Property: $899,000!
If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com
Gross Revenue: $892,129
Cash flow: $158,298
Year Established: 1969
Square Footage: 1871