Kennesaw GA Restaurant & Bar for Sale w/Patio – High Traffic Location – Absentee Owner – $226,000 Profit – Well Est – Clean Books
Kennesaw GA Restaurant & Bar for Sale w/Patio – High Traffic Location – Absentee Owner – $226,000 Profit – Well Est – Clean Books
Price: $395,000
Location: Cobb
Industry: American Restaurants, Bars, Pubs and Taverns, Miscellaneous Restaurant and Bars
Listing ID: 6090
Kennesaw GA Restaurant & Bar for Sale w/Patio
Very high traffic with middle to high incomes.
Super 24/7 location but lunch is huge.
2022 Gross Sales $1,187,190.04
2022 Net Profit $226,000 included $80,000 salary to Operating Partner who is no longer present.
2023 numbers are tracking to be about the same as the previous year.
Operating Partner worked about 55 hours a week but recently relocated out of state. Operating Partner replaced with GM and KM.
GM is at an annual salary of $35,000.
The Kitchen Manager is at $50,000.
Full Staff of 10-12.
Beer and Wine.
Fully equipped.
2,800/sf.
Seats 78.
Bar seats ten.
Outdoor patio seats 30.
Well established.
Rent is $6,700, all in.
Several years left on the lease with a 5-year option.
Landlord on board to extend the lease.
One of the highest-rated restaurants in GA on Social Media.
Full support and training.
Keep or convert.
Priced at $395,000 with Owner financing option
Gross Revenue: $1,187,190
Cash flow: $226,000
Reason For Sale:
Relocation of operating partner
Training & Support:
Yes
Days & Hours of Operation: Ask broker
Owner Hours Per Week: Ask broker
Non-Owner Payroll: Full Staff of 10-12.
Employees: 10-12
Managers: GM is at an annual salary of $35,000. The Kitchen Manager is at $50,000.
Monthly Rent: 6700
Type of Location: Ask broker
Square Footage: 2800
Facilities Information:
Fully equipped.
Beer and Wine.
2,800/sf.
Seats 78.
Bar seats ten.
Outdoor patio seats 30.
Rent is $6,700, all in.
Several years left on the lease with a 5-year option.
Landlord on board to extend the lease.
One of the highest-rated restaurants in GA on Social Media.
Competition:
Ask broker
Potential Growth:
Keep or convert
Financing/Terms:
Yes, some. Ask broker for details