SOLD 8/30/24: 5 Paces Inn Buckhead Village Atlanta GA Bar for Sale – Est. 1955 – High Profit – Great Books – 100% Absentee Owner – Owner Financing
SOLD 8/30/24: 5 Paces Inn Buckhead Village Atlanta GA Bar for Sale – Est. 1955 – High Profit – Great Books – 100% Absentee Owner – Owner Financing
Price: $350,000
Location: Fulton
Industry: Bars, Pubs and Taverns, Miscellaneous Restaurant and Bars
Listing ID: 6253
SOLD 8/30/24:
(This is an Open and Operating Business. Please be respectful and do not make any attempt to contact or speak to Staff, Management, Landlord, or Ownership. Documentation and Inspections will be provided upon request)
5 Paces Tavern Buckhead Village Atlanta GA Bar for Sale
Located at 41 Irby Ave NW, Atlanta, GA 30305.
4,500/SF.
Seating for 250.
60-bar stools.
Outdoor Seating.
DJ Booth.
Super easy operation with no kitchen.
Rent is $16,000 All In.
Several years remain on Lease.
Five-Year Option to Renew.
Well Established.
Opened 1955.
Full staff in place.
Famous and Iconic.
2023 Gross Sales $1,910,568
2023 Net Profit $408,560
2022 Gross Sales $1,689,409
2022 Net Profit $294,025.
Keep or Convert.
100% Absentee Owner.
Priced way below market.
$599,000 with some Owner financing available.
Gross Revenue: $1,910,568
Cash flow: $408,560
Reason For Sale:
Other business interests
Training & Support:
Ask broker
Year Established: 1955
Days & Hours of Operation: Ask broker
Owner Hours Per Week: Ask broker
Non-Owner Payroll: Ask broker
Monthly Rent: 16000
Type of Location: Buckhead
Square Footage: 4500
Facilities Information:
4,500/SF.
Seating for 250.
60-bar stools.
Outdoor Seating.
DJ Booth.
Super easy operation with no kitchen.
Rent is $16,000 All In.
Several years remain on Lease.
Five-Year Option to Renew.
Competition:
Ask broker
Potential Growth:
Keep or convert
Financing/Terms:
Yes, ask broker for details