North Atlanta 2-Unit Restaurant, Taqueria & Bars for Sale – Large Patios – Fully Equipped, Staffed, High Volume, High Energy, Mint Condition, Well Est – Keep or Convert – Buy One or Both
North Atlanta 2-Unit Restaurant, Taqueria & Bars for Sale – Large Patios – Fully Equipped, Staffed, High Volume, High Energy, Mint Condition, Well Est – Keep or Convert – Buy One or Both
Price: $1,000,000
Location: Fulton
Industry: American Restaurants, Bars, Pubs and Taverns, Miscellaneous Restaurant and Bars
Listing ID: 6037
North Atlanta 2-Unit Full Service Restaurants, Taquerias & Bars for Sale w/Large Patios.
UNIT ONE:
Anchored high-volume lifestyle center.
Approx. 5,000 square feet
Total indoor seating of approximately 130 with 40 Bar area seats
Total outdoor patio seating of approximately 80 seats
Rent is approximately $10,500 base rent with approximately $7,000 in CAM = $17,000 total
The lease term expires on March 31, 2025. So two years left on this term. There is also 1 five year option.
Landlord will extend the term.
Established 14 years.
Spent $500k on a complete renovation 12 months ago.
Almost everything on the interior is brand new including POS, TVs, floors, furniture, garage door windows, etc.
Sales have ranged from $ 1.6 million to $ 2.8 million over the years.
HUGE patio on the very front corner of the development
Best restaurant site in the area.
Unit TWO:
Approx. 3,800 square feet
Total indoor seating of approximately 115 with 36 bar area seats
Total outdoor patio seating of approximately 80 seats
Rent is approximately $8,500/month.
Lease term expires on September 30, 2024. So 1 and a half years remaining on this term. There is also 1 five year option.
Landlord will extend the term.
Been in business for over 16 years.
Spent $400k in 2021 on a complete renovation.
All new flooring in foh and boh along with all new TV’s, POS, patio furniture, garage door windows, etc.
Sales have been consistent at $1.5 – $1.8 million every year for 16 years.
HUGE patio on a corner location next to super busy anchors.
NOTES – Both locations run without any owner operating with full salaried management teams in each location. Owner takes $200k/year in salary plus many expenses run through the business per Unit. This restaurant is set up for national growth with unlimited possibilities.
Priced at $1,000,000 for both units with business, name, branding, and trademarks or $500,000 if individually purchased. Purchase of individual units will not include business.
Gross Revenue: N/A
Cash flow: N/A
Terms and Conditions?:
Priced at $1,000,000 for both units with business, name, branding, and trademarks or $500,000 if individually purchased. Purchase of individual units will not include business.
Reason For Sale:
Other business interests.
Training & Support:
Ask broker
Year Established: 2009
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: See description
Type of Location: Ask broker
Square Footage: See description
Facilities Information:
UNIT ONE:
Anchored high-volume lifestyle center.
Approx. 5,000 square feet
Total indoor seating of approximately 130 with 40 Bar area seats
Total outdoor patio seating of approximately 80 seats
Rent is approximately $10,500 base rent with approximately $7,000 in CAM = $17,000 total
The lease term expires on March 31, 2025. So two years left on this term. There is also 1 five year option.
Landlord will extend the term.
Established 14 years.
Spent $500k on a complete renovation 12 months ago.
Almost everything on the interior is brand new including POS, TVs, floors, furniture, garage door windows, etc.
Sales have ranged from $ 1.6 million to $ 2.8 million over the years.
HUGE patio on the very front corner of the development
Best restaurant site in the area.
Unit TWO:
Approx. 3,800 square feet
Total indoor seating of approximately 115 with 36 bar area seats
Total outdoor patio seating of approximately 80 seats
Rent is approximately $8,500/month.
Lease term expires on September 30, 2024. So 1 and a half years remaining on this term. There is also 1 five year option.
Landlord will extend the term.
Been in business for over 16 years.
Spent $400k in 2021 on a complete renovation.
All new flooring in foh and boh along with all new TV’s, POS, patio furniture, garage door windows, etc.
Sales have been consistent at $1.5 – $1.8 million every year for 16 years.
HUGE patio on a corner location next to super busy anchors.
NOTES – Both locations run without any owner operating with full salaried management teams in each location. Owner takes $200k/year in salary plus many expenses run through the business per Unit. This restaurant is set up for national growth with unlimited possibilities.
Priced at $1,000,000 for both units with business, name, branding, and trademarks or $500,000 if individually purchased. Purchase of individual units will not include business.
Competition:
Ask broker
Potential Growth:
Ask broker