Lake Oconee-Greensboro GA Italian Restaurant for Sale w/Real Estate Option -$304,866.77 Profit on Dinner Only – 23/24 P&L’s Available
Lake Oconee-Greensboro GA Italian Restaurant for Sale w/Real Estate Option -$304,866.77 Profit on Dinner Only – 23/24 P&L’s Available
Price: $670,000
Location: Greene
Industry: American Restaurants, Miscellaneous Restaurant and Bars
Listing ID: 6226
Lake Oconee/Greensboro/Eatonton GA Full Service Restaurant for Sale w/Real Estate.
Minutes to Ritz Carlton Reynolds Plantation & Lake.
Greensboro Georgia Restaurant & Bar for sale.
Desirable Lake Oconee location.
Middle to a very high-income area.
Greensboro is a town filled with gorgeous scenery, a quaint and historic downtown, and delicious food.
5,800/sf.
Profitable.
Lease or Buy w/Real Estate.
Monthly rent on business purchase is currently at $5,400 per month All-In.
New Long term lease to be negotiated.
Seats 160.
Bar seats 28.
Outdoor patio seats 20.
Well Established.
Fully up to code.
2022 Gross Sales $1,324,449.00 on dinners only.
2022 Net Profit $236,699.53 after paying all expenses.
2023 business up from the previous year.
2023 Gross Sales $1,469,011.00 on dinners only.
2023 Net Profit $304,866.77 Profit after paying all expenses.
Adding lunch, brunch and additional dinner shift can dramatically increase business.
Great staff in place including Executive Chef makes for a flawless transition.
Owner will provide training during the transition at no charge.
Priced at $670,000 for business. Real Estate priced at $1,000,000 but not required to buy.
See broker website for P&L's.
Gross Revenue: $1,469,011
Cash flow: $304,866
Terms and Conditions?:
Lease or Buy w/Real Estate.
Reason For Sale:
Other business interests.
Training & Support:
Great staff in place including Executive Chef makes for a flawless transition.
Owner will provide training during the transition at no charge.
Year Established: 2010
Days & Hours of Operation: Ask broker
Owner Hours Per Week: Ask broker
Non-Owner Payroll: Ask broker
Employees: Ask broker
Managers: Yes
Monthly Rent: 5400
Square Footage: 5800
Facilities Information:
5,800/sf.
Seats 160.
Bar seats 28.
Outdoor patio seats 20.
Fully up to code.
Lease or Buy w/Real Estate.
Monthly rent on business purchase is currently at $5,400 per month, All-In.
New Long term lease to be negotiated.
Competition:
Ask broker
Potential Growth:
Adding lunch, brunch and additional dinner shift can dramatically increase business.