#865
This fast casual cafe is located in the heart of one of the South’s most vibrant office-residential-retail-convention marketplaces near the Cobb Galleria and regional Cumberland Mall. Super hi traffic location with incredible roadside visibility within a seven day 24-hour market. This business due to conventions, conference centers, performing arts centers and tons of day time traffic has lines out the door everyday.
This very easy to operate and limited menu cafe nets $313,935.73 in gross sales for the last twelve months on $1,168,730.68 with almost no effort and running even one shift. Net profit is after all expenses and all labor and managers. Weekly manager salaries are: GM $750, assistant manager $650, kitchen manager $650. Transition at closing is a breeze.
Over $400,000 was spent one year ago on all brand new furniture, fixtures and equipment with all assets in mint condition and paid off.
20 year lease at $5,400 per month on a ten year lease with two five year options with less then a year personal guarantee in place . Freestanding 3,000 sq/ft building. Seating for 65 inside with 75 seats outdoors in all year round enclosed court yard.
Unlimited support, training and menu development. The sale includes rights to name of concept at this location. No franchise fees or royalties are required.
Current absentee Owner is selling to focus on other growing business and thus the reason for not applying for license to serve alcoholic beverages. Adding beer and wine and doing deliveries would dramatically increase sales and profit.
This is one of the only restaurants for sale with an Owner that will allow full onsite during business hours due diligence. Buyer prior to closing will be allowed to stand at register and count every penny coming in. All training, inspections, books and records check, etc. will be allowed prior to closing and done onsite.
Priced at $475,000 with owner financing available with a minimum $345,000 down.
Financial Statement Download.pdf
TO VIEW PHOTO GALLERY AND MAXIMIZE SIZE CLICK ON ANY PHOTO AND USE YOUR ARROW KEY TO ADVANCE
Contact Steven Josovitz at 770-840-2121 or email steven@shumacher.com
If you're in the market for a business or property,
be sure to sign up for our email listing service.
Comments on this entry are closed.