#1062
Metro Atlanta full service casual Italian Restaurant & Pizzeria for sale. Fully equipped and ready to go with loyal staff in place for easy transition. Incredible location with over 9,000 homes adjacent to restaurant with household incomes of $85,000. Stunning restaurant is “state of the art” with no expense spared including exhibition kitchen. Owners spent almost $600,000 to open the doors and have no debt or loans. Sales have reached $1,600,000 with 5% to absentee owners after paying all expenses and salaries of $80,000 to GM, $25,000 Assistant Manager, Kitchen Manager $44,000 and $36,000 to. 2010 sales were $1,250,000 and profitable. 2011 sales are approximately $950,000 with new Owner who has no restaurant or business ownership experience and is running restaurant absentee. Super roadside visibility and frontage with tons of parking. Space is approximately 5,000/sf with seating for almost 200 with 35 seat bar and lounge area and 40 seat outdoor patio. Long term lease at $8500 per month includes all extras. This can be kept as is or converted to any concept. Italian has been a proven concept at this location but this could easily with very little money be converted to Mexican, tavern, sports bar, etc. This restaurant has incredible potential with on-site and hands on Owner running thing. Adding delivery is another option in addition to some marketing. Full boos and records available.
Priced at $395,000 with Owner financing options.
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