Steve Josovitz of The Shumacher Group, Inc. sold Irish Red Grill and Steak House today located at 3939 Atlanta Hwy, Loganville, GA 30052. The Shumacher Group, Inc. and Steve Josovitz represented Seller in transaction. Buyer is keeping this profitable business as is.
Full service restaurant and bar for sale.
High visibility Gwinnett Country suburban location on very high trafficked Highway 78.
Recent 100 on Health Inspection.
Seating for 98 plus a 14-seat bar with private tasting room and 24-seat outdoor patio.
$150,000 recently went into upgrade with all furniture, fixtures and equipment being brand new.
2014 Gross sales at $750,000 with Owner who does not run a single shift pulled out $110,000 after paying all expenses and $40,000 to GM.
2015 Gross Sales came in at $678,000 and owners pulled out a net profit after all expenses of $86,889.07 and that was after a $21,248.30 re-investement of new signage, marketing, new equipment and maintenance upgrades with absentee Owner that runs zero shifts and or spends no more then a couple hours a week at restaurant.
2016 average monthly gross are January $51,546, February $56,888, March $73,029, April $63,494, May $61,003 which is an increase over previous year. Net profits are higher as well.
Labor runs at 25%.
Food cost is 30%.
Liquor Costs runs 18%.
Credit cards account for 80% to 90% of sales making due diligence easy.
Critically acclaimed and very popular with awesome food.
Full service Bar has 30-beers on tap.
Front and Back of the house Staff is loyal and in place with almost zero turnover. Staff will remain for a flawless transition with zero hiccups along with full training and support by Owner.
Lease has four years left with a five year option to renew at $5269.48 which includes all extras and cam.
Owner are very motivated to sell as they want to expand their seafood franchise Oh Shucks and relocate to Florida.
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