Downtown Atlanta GA Freestanding Restaurant, Bar & Patio for Sale – 2024 Net Profit $803K – Great Books – Well Established – Absentee Owner
Downtown Atlanta GA Freestanding Restaurant, Bar & Patio for Sale – 2024 Net Profit $803K – Great Books – Well Established – Absentee Owner
Price: $2,000,000
Location: Fulton
Industry: American Restaurants, Bars, Pubs and Taverns, Miscellaneous Restaurant and Bars
Listing ID: 6379
Downtown Atlanta GA Freestanding Restaurant, Bar & Patio for Sale
Freestanding 6,150/SF.
Seating for well over 100.
Bar seating for 25,
Outdoor seating 50.
Monthly Rent is $12,000.
Real Estate Annual Taxes $22,081
Real Estate Annual Insurance $6,239.
$2,794 Solid waste tax bill paid annually.
10-year lease.
2024 Gross Sales: $2,836,801.62
2024 Net Profit: $803,204
Comments:
Absentee Owners do not run any shifts and or open or close.
GM salary – $75,000 + Bonus
KM – $45,000
Full Staff in Place makes for a flawless transition.
Hot Location.
60/40 Food to Alcohol Mix.
Well Established.
Keep or Convert
Clean Books.
Priced at $2,000,000.
Gross Revenue: $2,836,801
Cash flow: $803,204
Reason For Sale:
Other interests
Training & Support:
Full Staff in Place makes for a flawless transition.
Days & Hours of Operation: Ask broker
Owner Hours Per Week: Ask broker
Non-Owner Payroll: Ask broker
Employees: Full Staff in Place makes for a flawless transition.
Managers: Yes
Monthly Rent: 12000
Square Footage: 6150
Facilities Information:
Freestanding 6,150/SF.
Seating for well over 100.
Bar seating for 25,
Outdoor seating 50.
Monthly Rent is $12,000.
Real Estate Annual Taxes $22,081
Real Estate Annual Insurance $6,239.
$2,794 Solid waste tax bill paid annually.
10-year lease.
Competition:
Ask broker
Potential Growth:
Ask broker