The Colonnade Atlanta GA Southern Restaurant & Bar for Sale – World Famous – Est. 100-Years – Freestanding – Profitable – Absentee Owners
The Colonnade Atlanta GA Southern Restaurant & Bar for Sale – World Famous – Est. 100-Years – Freestanding – Profitable – Absentee Owners
Price: $975,000
Location: Fulton
Industry: American Restaurants, Bars, Pubs and Taverns, Miscellaneous Restaurant and Bars
Listing ID: 6264
(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.)
The Colonnade is located at 1879 Cheshire Bridge Rd. Atlanta, GA 30324
2nd Oldest Restaurant in Atlanta.
World Famous Atlanta GA Restaurant & Bar for Sale
Well Established, Iconic & Historic.
Profitable.
Absentee Out Owners.
Fully Staffed.
GM is in place.
Freestanding 9,000/SF.
Seating for almost 300.
Private Events Space.
Full Bar and Lounge.
Tons of free dedicated Parking.
The monthly rent is approximately $18,500 All-In.
Open only 24 hours a week.
Adding additional shifts will dramatically increase business.
2023 Gross Sales $2,187,512
2023 Net Profit $367,276 after all expenses and $91,000 to General Manager.
Keep or Convert.
Priced at $975,000.
Gross Revenue: $2,187,512
Cash flow: $367,266
Reason For Sale:
Absentee owners
Training & Support:
Fully staffed with GM in place.
Days & Hours of Operation: Open only 24 hours a week.
Owner Hours Per Week: Open only 24 hours a week.
Non-Owner Payroll: Ask broker
Employees: Ask broker
Managers: Yes, GM
Monthly Rent: $18,500
Type of Location: Freestanding
Square Footage: 9000
Facilities Information:
Freestanding 9,000/SF.
Seating for almost 300.
Private Events Space.
Full Bar and Lounge.
Tons of free dedicated Parking.
The monthly rent is approximately $18,500 All-In.
Competition:
Ask broker
Potential Growth:
Open only 24 hours a week.
Adding additional shifts will dramatically increase business.