Midtown Atlanta GA Restaurant, Lounge & Hookah Bar for Sale or Lease – Profitable – Absentee Owner – Next to Ponce City Market – Keep Franchise or Convert
Midtown Atlanta GA Restaurant, Lounge & Hookah Bar for Sale or Lease – Profitable – Absentee Owner – Next to Ponce City Market – Keep Franchise or Convert
Price: $100,000
Location: Fulton
Industry: American Restaurants, Bars, Pubs and Taverns, Miscellaneous Restaurant and Bars
Listing ID: 6354
(This is an Open and Operating Business. Please be respectful and do not make any attempt to contact or speak to Staff, Management, Landlord, or Ownership. Documentation and Inspections will be provided upon request)
Cru located at 620 Glen Iris Dr NE #101, Atlanta, Georgia 30308 is available for lease or sale.
Very desirable location near everywhere.
Approximately 1,500/SF.
Multi-Level.
0.276 Acres.
Parcel Number: 14 004800121603
Recommended Zoning: Commercial
Seating for 45.
10-seat bar.
Fully Staffed with GM.
The fully equipped venue includes Hot Sauce POS System with three terminals.
Ventless kitchen equipment pumps out small plates and full entrée’s.
Open and Operating so perfect for any restaurant and bar use or convert.
Keep or Convert.
Perfect also for Office, Studio, or Professional Use.
$600,000 spent to open doors.
Stunning Build-out.
Buyer could keep name and concept under a Franchise Agreement.
2024 Gross Sales $940,217.83
2024 Net Profit $110,000.
If Franchise is acquired extras are Franchise Transfer Fee $20,000, Monthly Royalties 7% and Advertising is 2%.
Buy business, furniture, fixtures, and equipment for $100,000 with a long-term lease at $7,500 per month including extra charges.
Gross Revenue: $940,217
Cash flow: $110,000
Terms and Conditions?:
If Franchise is acquired extras are Franchise Transfer Fee $20,000, Monthly Royalties 7% and Advertising is 2%.
Reason For Sale:
Absentee Owner
Training & Support:
Fully staffed with GM
Managers: Yes
Monthly Rent: 7500
Type of Location: This is an incredible location in a stunning Condo and retail development at the corner of North Avenue steps away from Home Depot, Whole Foods, and adjacent to Ponce City Market and the Atlanta Beltline that has blown up and transformed this area.
Square Footage: 1500
Facilities Information:
Approximately 1,500/SF.
Multi-Level.
0.276 Acres.
Parcel Number: 14 004800121603
Recommended Zoning: Commercial
Seating for 45.
10-seat bar.
Fully Staffed with GM.
The fully equipped venue includes Hot Sauce POS System with three terminals.
Ventless kitchen equipmBuy business, furniture, fixtures, and equipment for $100,000 with a long-term lease at $7,500 per month including extra charges.
Competition:
Ask broker
Potential Growth:
Open and Operating so perfect for any restaurant and bar use or convert.
Keep or Convert.
Perfect also for Office, Studio, or Professional Use.