Atlanta GA Freestanding Restaurant & Sports Bar for Sale – 2022 Net Profit $1.2M – Clean Books – 24.7 Location – Well Established – Keep or Convert
Atlanta GA Freestanding Restaurant & Sports Bar for Sale – 2022 Net Profit $1.2M – Clean Books – 24.7 Location – Well Established – Keep or Convert
Price: $1,900,000
Location: Fulton
Industry: American Restaurants, Bars, Pubs and Taverns, Miscellaneous Restaurant and Bars
Listing ID: 6108
Atlanta GA Freestanding Restaurant & Sports Bar for Sale.
24.7 Location.
Keep or Convert
Clean Books.
Freestanding 6,150/SF.
Size:
Down bar 14 seats
Down Restaurant table seating for approx 80
Outside 6 tables/ 24 seats (this could be expanded)
Upstairs bar 14 seats
Upstairs restaurant 11 tables/46 seats
Upstairs patio 4 tables/ 16 seats
Private events upstairs with 125+ in cocktail setup
Full buyout events for 300-400 people in a cocktail setup
Hot Location.
50/50 Food to Alcohol Mix
Well Established.
SBA Friendly
Rent is $11,468.50 Rent per month.
Real Estate annual taxes $22,081
$6,239 Insurance paid to Landlord paid annually.
$2,794 Solid waste tax bill paid annually.
$6,239 Insurance paid to Landlord paid annually.
7 year lease.
Gross Sales/Net Profit:
2018- $2.39M /$668,000
2019 $3.29M / $719,000
2020 $1.03M / 190,000
2021 $3,295M/ $822,000.
Seller states 2023 we are at 2MM in sales as of the end of August so right on pace with 2022.
No long-term debt.
No assumable loans.
Reason for sale: Owners Transitioning to our property management real estate business
Gross Revenue: $3,295,000
Cash flow: $822,000
Reason For Sale:
Owners Transitioning to our property management real estate business.
Training & Support:
Ask broker.
Year Established: 2018
Days & Hours of Operation: Ask broker
Owner Hours Per Week: Ask broker
Non-Owner Payroll: Ask broker.
Employees: 23
Managers: 4
Monthly Rent: 11468
Type of Location: Freestanding
Square Footage: 6150
Facilities Information:
Freestanding 6,150/SF.
Size:
Down bar 14 seats
Down Restaurant table seating for approx 80
Outside 6 tables/ 24 seats (this could be expanded)
Upstairs bar 14 seats
Upstairs restaurant 11 tables/46 seats
Upstairs patio 4 tables/ 16 seats
Private events upstairs with 125+ in cocktail setup
Full buyout events for 300-400 people in a cocktail setup
Rent is $11,468.50 Rent per month.
Real Estate annual taxes $22,081
$6,239 Insurance paid to Landlord paid annually.
$2,794 Solid waste tax bill paid annually.
$6,239 Insurance paid to Landlord paid annually.
GM salary – $74,000
KM – $42,000
Utilities $24,000
Staff breakdown: 8 Kitchen/ 5 BOH / 10 FOH/ 4 Managers (who also sometimes Bartend)
Competition:
Ask broker.
Potential Growth:
Ask broker.