North Atlanta Suburban Restaurant, Bar & Lounge w/ Large Private Room – Below Market Rent – $160,000 Net Profit

by Steven Josovitz

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North Atlanta Suburban Restaurant, Bar & Lounge w/ Large Separate Private Room that can hold up to 300 guests in addition to main dining room.

For sale is an iconic and well known full-service casual restaurant & bar with large room for private events.

Great visibility, Great Frontage, Great Signage and plenty of parking.

High income/ high traffic suburban North Atlanta location with tons of daytime office, retail, and thousands of residences making this a 24/7 spot minutes to everywhere

Approximately 7000/sf with seating for 210 in the master dining room, 22 seat bar, 30 on patio and  4750/sf. private dining room that seats 200 with 16-foot bar.

Well established for almost twenty years with the same owner.

Owner spent $700,000 on space including upgrades over the years. Everything is up to code. Seller warrants that everything will be in full working order.

Below market rental rate of approximately $7,500 monthly plus CAM of additional $1200 per month.

The five-year lease has an additional five-year option to renew.

The owner pulls out between $150,000 to $160,000 annually. Net profit is after paying all expenses, GM, Chef and Staff.

Keep as is or convert to any concept.

Priced at $249,000 with some Owner financing. The owner would also consider Partnering with a qualified and seasoned restaurant professional who puts down substantial down.

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