SOLD 5/23/24: Mohave Atlanta GA Freestanding Restaurant & Bar w/Large Outdoor Patio – $6,737,917.91 Sales – $1,282,562.85 Net
SOLD 5/23/24: Mohave Atlanta GA Freestanding Restaurant & Bar w/Large Outdoor Patio – $6,737,917.91 Sales – $1,282,562.85 Net
Price: $1,500,000
Location: Fulton
Industry: American Restaurants, Miscellaneous Restaurant and Bars
Listing ID: 6152
SOLD 5/23/24: Metro Atlanta GA Freestanding Restaurant & Bar w/Large Outdoor Patio for Sale.
Solid Books & Tax Returns.
Semi Absentee Owner runs zero shifts. .
Turnkey.
Keep or Convert.
6,000/SF Approximately.
Freestanding on 3-acres.
Seating for over 100.
Outdoor covered patio seats 100.
Full Bar.
Sales have reached $7,421,048.
2022 Gross Sales $6,737,917.91.
2022 Net $1,282,562.85
2023 Sales & Profit on track for another killer year.
$20,000 monthly rent all in.
Extra rent is 8% over $3,000,000.
Term remains on lease with two-five year options to renew.
Full Staff of 75.
General Manager at $90,000.
Assistant Manager at $78,000.
2-PM Managers at $52,000 each.
Event Manager at $65,000.
Kitchen Manager at $125,000.
3-years of Federal Tax returns available.
Well Established.
Gross Revenue: $6,737,917
Cash flow: $1,282,562
Reason For Sale:
Semi Absentee Owner runs zero shifts.
Training & Support:
Ask broker
Year Established: Ask broker
Days & Hours of Operation: Ask broker
Owner Hours Per Week: Ask broker
Employees: 75
Monthly Rent: 20000
Type of Location: Freestanding on 3-acres.
Square Footage: 6000
Facilities Information:
Turnkey.
Keep or Convert.
6,000/SF Approximately.
Freestanding on 3-acres.
Seating for over 100.
Outdoor covered patio seats 100.
Full Bar.
$20,000 monthly rent all in.
Extra rent is 8% over $3,000,000.
Term remains on lease with two-five year options to renew.
Full Staff of 75.
General Manager at $90,000.
Assistant Manager at $78,000.
2-PM Managers at $52,000 each.
Event Manager at $65,000.
Kitchen Manager at $125,000.
Competition:
Ask broker
Potential Growth:
Keep or convert
Financing/Terms:
Some, ask broker for details