SOLD 8/25/21: Midtown Atlanta Freestanding Restaurant & Bar for Sale w/Several Kitchens – Hot Location w/Dedicated Parking – Sales Have Reached $3.5 Million
SOLD 8/25/21: Midtown Atlanta Freestanding Restaurant & Bar for Sale w/Several Kitchens – Hot Location w/Dedicated Parking – Sales Have Reached $3.5 Million
Price: $795,000
Location: Fulton
Industry: Food Services and Drinking Places (NAICS 722)
Listing ID: 3077
Midtown Atlanta Freestanding Restaurant & Bar for Sale.
6,100/sf.
Several Kitchens.
Hot Location w/Dedicated Parking.
Sales Have Reached $3.5M.
2019 Gross Sales $3.2M
2019 Net Profit $500,000
Seating for almost 300.
Outdoor seating for 50.
25-seat bar.
Dedicated free parking.
Exhibition open kitchen.
Long term lease at approximately $28,000 including CAM, Electric and Water.
Almost five years remain on lease with multiple five-year options to renew.
Landlord will not approve any live music, hookah or club concept.
Seller to share sales and profit numbers but sale does not include business or name.
Gross Revenue: $3,200,000
Cash flow: $500,000
Reason For Sale:
Other business interests.
Training & Support:
Ask broker.
Year Established: Ask broker.
Days & Hours of Operation: Ask broker.
Owner Hours Per Week: Ask broker.
Non-Owner Payroll: Ask broker.
Employees: Ask broker.
Managers: Ask broker.
Monthly Rent: 28000
Type of Location: Ask broker.
Square Footage: 6100
Facilities Information:
6,100/sf.
Seating for almost 300.
Outdoor seating for 50.
25-seat bar.
Exhibition open kitchen.
Several Kitchens.
Hot Location w/Dedicated Parking.
Long term lease at approximately $28,000 including CAM, Electric and Water.
Almost five years remain on lease with multiple five-year options to renew.
Landlord will not approve any live music, hookah or club concept.
Historical Summary:
Ask broker.
Owner Qualifications:
Ask broker.
Competition:
Ask broker.
Potential Growth:
Ask broker.