#1016
This Hooters franchise is a freestanding 4500/sf restaurant and bar that sits on a one acre parcel in a highly visible Metro Atlanta suburban location. As no new franchise opportunities are available this is a rare and seldom seen opportunity to own a Hooters. Seats 140 with ten seat bar that looks into open exhibition kitchen. Outdoor deck is approximately 2,000/sf. 2007 sales with absentee and out of town Owner grosses approximately $1.2m per year with 2010 sales at $1,100,000. Restaurant currently breaks even after paying all expenses and salaries to GM of $40,000 per year, kitchen management and kitchen staff and monthly loan payment with 2011 sales running about $100,000 per month. Adding a “hands on ” Owner Operator with just a little advertising, marketing and working with the community could dramatically increase sales. Appraised three years ago at $1,500,000. Priced below appraisal at $1,350,000 which includes Real Estate and Business. The Seller would consider extending Owner Financing with a third down on sale of real estate and business as a package or even just on sale of business. Business is available at $350,000 with a monthly rental rate $7500 per month triple net with extras at $7,000 per year for real estate taxes.
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