SOLD 12/1/22: Alpharetta-Johns Creek GA Restaurant, & Bar for Sale w/40-Seat Patio- High Traffic Location – Same Owner 10-Years – Profitable – Clean Books – Loyal Mgmt& Staff – Keep or Convert – Below Market Attractive Pricing
SOLD 12/1/22: Alpharetta-Johns Creek GA Restaurant, & Bar for Sale w/40-Seat Patio- High Traffic Location – Same Owner 10-Years – Profitable – Clean Books – Loyal Mgmt& Staff – Keep or Convert – Below Market Attractive Pricing
Price: $157,500
Location: Fulton
Industry: American Restaurants, Bars, Pubs and Taverns, Miscellaneous Restaurant and Bars, Other Restaurants and Food
Listing ID: 5037
SOLD 12/1/22
Alpharetta-Johns Creek GA Restaurant & Bar for Sale.
Keep or Convert.
High Traffic Location.
Middle to very high incomes.
Same Owner 10-Years.
Profitable.
Great Books.
Loyal Staff.
2-Managers make $61,100 each are willing to stay with new Owner or leave if necessary.
2,800/SF.
Seats 100.
18-Seat Bar.
40-Seat Outdoor Patio.
$6,600 monthly rent all in.
Several years left on Lease.
Landlord will extend with an Option to Renew.
Books and Records will be provided upon request.
From Owner:
2021 Gross Sales $1,050,232 (note: $206,000 higher than 2020 Covid year)
2021 Net Income -$4,500 (with add-backs; personal add-backs like personal car-health insurance, dining out, owner salaries including Daughter (GM), loans, etc. Does not include PPP or any Covid Assistance in sales or profit).
2022 Gross Sales $1,118,742 (7 months annualized)
2022 Net Income $109,000 (7 months annualized; including add-backs and exclusions of PPP/Covid/loans)
Gross Revenue: $1,050,232
Cash flow: N/A
Reason For Sale:
Absentee owner, other interests.
Training & Support:
Ask broker.
Year Established: 2012
Days & Hours of Operation: Ask broker.
Owner Hours Per Week: Ask broker.
Non-Owner Payroll: Ask broker.
Managers: Loyal Staff includes 2-Managers.
Monthly Rent: 6600
Type of Location: High Traffic Fulton County
Square Footage: 2800
Facilities Information:
High Traffic Fulton Co. Location.
2,800/SF.
Seats 100.
18-Seat Bar.
40-Seat Outdoor Patio.
$6,600 monthly rent, all in.
Several years left on Lease.
Landlord will extend with Option to Renew.
Competition:
Ask broker.
Potential Growth:
Keep or convert.