SOLD 2/8/24: Metro Atlanta Suburban Pizzeria Restaurant for Sale w/Full Bar – Same Owner Almost 35 Years – High Profit – Clean Books – Killer Lease Terms
SOLD 2/8/24: Metro Atlanta Suburban Pizzeria Restaurant for Sale w/Full Bar – Same Owner Almost 35 Years – High Profit – Clean Books – Killer Lease Terms
Price: $225,000
Location: Gwinnett
Industry: American Restaurants
Listing ID: 6092
SOLD 2/8/14: Metro Atlanta Suburban Pizzeria Restaurant for Sale w/Full Bar
Same Owner almost 35 Years
5,025/SF.
Seats 130.
Bar seats 12 plus 5-Booths in the bar area.
Outdoor Patio seats 20.
Current rent is at $8,700 monthly all-in until August 31, 2025.
Landlord’s new lease kicks in on September 1, 2025, at $30/SF with CAM at $5.00 with no increases for a ten-years.
2022 Gross Sales $1,650,000 on 6-Days.
2022 Net Profit of $277,000 includes Owner salaries.
2023 Sales are on track as the previous year.
Clean Books.
SBA Friendly.
No deliveries.
Full Staff of almost 30.
Gross Revenue: N/A
Cash flow: N/A
Reason For Sale:
Retiring.
Training & Support:
Ask broker
Year Established: 1991
Days & Hours of Operation: Ask broker
Owner Hours Per Week: Ask broker
Employees: 29
Managers: GM-Partner salary of $65,000 plus 25% Profit Sharing of $37,750
Monthly Rent: 8300
Type of Location: Ask broker
Square Footage: 5025
Facilities Information:
5,025/SF.
Seats 130.
Bar seats 12 plus 5-Booths in the bar area.
Outdoor Patio seats 20.
Current rent is at $8,700 monthly all-in until August 31, 2025.
Landlord’s new lease kicks in on September 1, 2025, at $30/SF with CAM at $5.00 with no increases for a ten-years.
Competition:
Ask broker
Potential Growth:
Ask broker
Financing/Terms:
Yes ask broker for details.