Peachtree Corners Restaurant, Bar & Lounge w/ Large Private Room – Below Market Rent – $150,000 Net Profit

by Steven Josovitz

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Peachtree Corners Restaurant, Bar & Lounge w/ Large 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.

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

Well established.

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.

Five year lease has additional five-year option to renew.

Owner pulled out $150,000 in 2016 with 2017 on track to do same or better. Net profit is after paying all expenses, GM, Chef and Staff.

Keep as is or convert to any concept.

Priced at $350,000 with some Owner financing. Owner would also considering Partnering with a qualified and seasoned restaurant professional who puts down substantial down.

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