Poor Richard’s Restaurant Gainesville w/Real Estate – One Owner 40 Years – Profitable – Appraisal Just Done w/Bank Onboard to Lend – Keep or Convert

by Steven Josovitz

Post image for Poor Richard’s Restaurant Gainesville w/Real Estate – One Owner 40 Years –  Profitable – Appraisal Just Done w/Bank Onboard to Lend – Keep or Convert

#1773

Poor Richard’s Restaurant is located at 1702 Park Hill Dr, Gainesville, GA 30501.

7,358/sf freestanding building on one acre.

Appraisal done  in May 2017 on real estate and building came in at $949,000.

One Owner since April 7, 1977.

Sales in 2017 are 7% from January to July from previous year.

2016 sales $1,111,968 with Owner pulling out $51,660 after all expenses and full staff with zero effort, advertising and or social medial presence.

2015 sales $972,293.

2014 sale $1,055.099.

Upstairs ground level dining room seats 86.

Upstairs private dining room seats 65.

Upstairs has a fully equipped service bar.

Downstairs bar and lounge is 1800/sf and seats 89.

Priced at $1,200,000.

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

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