Famous Savannah Family Restaurant with RE
Famous Savannah Family Restaurant with RE
Price: $250,000
Location: Chatham
Industry: American Restaurants
Listing ID: 1142
This is a very popular Savannah Restaurant, the sellers are retiring after many years of operation. One of the best locations in Savannah, featuring free parking and a loyal following from great surrounding neighborhoods and professional business districts. They also get a good bit of tourists from their high-profile articles and media exposure. There is plenty of room for expansion and new ideas.
Gross Revenue: $1,185,630
Cash flow: $132,459
EBITDA: $85,663
FFE Included: $155,000
Reason For Sale:
Retirement
Training & Support:
Sellers will work with the new owners for 30 days.
Year Established: 2001
Employees: 30
Square Footage: 3,600 sf
Facilities Information:
Seating: 85 inside, 15 covered side patio; New open patio seats 30+
Potential Growth:
Lots of room for growth with plenty of FREE parking, an ideal place for small weddings and events too.
Financing/Terms:
Seller pays themselves $55,123/yr rent for the real estate. This can be used to service the debt on the RE.