Established and Busy Midtown ATL Lounge
Established and Busy Midtown ATL Lounge
Price: $550,000
Location: Fulton
Industry: Nightclubs and Theaters, Other Entertainment and Recreation, Bars, Pubs and Taverns, Other Restaurants and Food, Smoke Shops
Listing ID: 55555-816860
This Midtown Atlanta location has been popular for over a decade – a very stylish and busy lounge with branded specialty cocktails and offers a menu featuring elevated bar fare. The location recently underwent upgrades and renovations adding a TV wall and additional TVs above the bar with new sound system and upgrades to electrical and HVAC units.
Down Payment: 450000
Gross Revenue: $1,854,678
Cash flow: $350,000
FFE Included: 13747
Reason For Sale:
Retirement
Training & Support:
Included: 3 weeks
Days & Hours of Operation: Monday-Thursday 7pm-1am; Friday 7pm-2am; Saturday 4pm-2am; Sunday 3pm-12am
Owner Hours Per Week: Monday-Thursday 7pm-1am; Friday 7pm-2am; Saturday 4pm-2am; Sunday 3pm-12am
Employees: 22
Monthly Rent: 8868