Hurricane Grill & Wings a National Franchise Restaurant & Sports Bar – Nationally Anchored Center w/Regal Cinema – 6,125/sf Wrap Around End-Cap – Keep or Convert – 75% Owner Financing

by Steven Josovitz

Post image for Hurricane Grill & Wings a National Franchise Restaurant & Sports Bar – Nationally Anchored Center w/Regal Cinema –  6,125/sf  Wrap Around End-Cap – Keep or Convert – 75% Owner Financing

#1951

  1. NAME/CONCEPT: Hurricane Grill & Wings a National Franchise.

(This is an Open and Operating Business.  Please be respectful and do not make any attempt to contact or speak to Staff, Management, Landlord and or Ownership. Documentation and Inspections will be provided upon request)

 

  1. ADDRESS/AREA INFO/SHOPPING CENTER NAME/LANDLORD & MANAGEMENT COMPANY/OTHER TENANTS: Medlock Crossing Shopping Center, 9700 Medlock Bridge Rd, STE 120, Johns Creek, GA 30097.  Anchored by Regal Cinema is the main tenant of the center. Other Restaurants include Twisted Taco, Romeo’s Pizza, a Sushi/Hibachi place, an Indian Street Food Place, Chaba Thai, Luv-a-bowl, Ari Korean Steakhouse, Starbucks, Seafood restaurant and a small Italian restaurant along with a Coldstone and Sweet Frog frozen yogurt.  There is also your standard nail salon, hair salon, vape store, hookah store, gym, waxing place, and some high-end boutiques and jewelers.

 

  1. SIZE/TYPE/SEATING BREAKDOWN IN-OUT-BAR: 6,125 sq feet with 50 seats in the bar (all high-tops), 140 in the dining room, 22 on the bar patio and 30 on the patio near the dining room.

 

  1. RENTAL RATE/TERMS/OPTIONS:  Rent = $6,950/month, it goes up 3% every year/sq.ft.  The next raise should be in December.  We have 5 years left on the initial term and 2 5-year options (where the rent increases drastically to approx. $30/sq ft); CAM = $2,141/month; Insurance = $149/month; Tax = $1,325/month, there is also $51/month that is for the sprinkler system.  There are 5 years left with two 10-year options to renew.

 

  1. OPERATING HISTORY:  Opened for business in September of 2013 at a cost of $700,000 to open the doors.

 

 

  1. VOLUME/NET Profit /LOSS: Books and records are available upon request after pre-qualifying and executing NDA.

 

  1. HOURS OF OPERATION: We are open 7 days a week: Mon-Thur 11AM-10PM; Fri & Sat 11AM-11PM and Sunday 11AM-9PM

 

  1.  SELLING PRICE/TERMS:  $295,000. Owner will consider all reasonable offers including financing up to 75% of selling price.

 

  1. COMMENTS:  

10 ton AC Unit installed this year and a new hood fan installed recently.

The POS system is Aloha.

Average Salaries/Expenses:

GM = $60k/year

AGM = $45k/year

Gas = $450/month

Electricity = $2,200-$2,800/month

DirecTV – $375/month ($1,500/month during football season for NFL Season Ticket)

Pest Control = $79/month

Comcast (internet/phone) = $220/month

ADT = $40/month

TO VIEW PHOTO GALLERY AND MAXIMIZE SIZE CLICK ON ANY PHOTO AND USE YOUR ARROW KEY TO ADVANCE. 

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