The Shumacher Group, Inc. has sold The Pub. The Pub is located at 3902 Hwy 78. Snellville, GA 30039. The Shumacher Group, Inc. for the fifth time has represented this Seller in the sale of one of his restaurant businesses.
Some Info:
This Tavern Sports Bar Restaurant has quickly become a neighborhood favorite. The menu features American favorites like burgers, wings, soups, salads and some entrees. The restaurant is located in a freestanding building on the busy highway near a main intersection.
Monthly Gross Revenue: $30,000 to $40,000 per month.
Owner is pulling out approximately $10,00o plus per month.
(books, records, invoices POS and sales tax reports available upon request)
Facilities: This Tavern Sports Bar Restaurant is located in a 2,100 square foot freestanding building with its own free parking lot in hi traffic Metro Atlanta Suburban location. There is also a gravel space behind the building for overflow parking. The brand new patio extends the length of the front of the building. The landlord has offered the building for sale. Currently, the owner only leases the upstairs although downstairs is available and there is room to expand by adding pool tables, additional dining, etc. There is also a large metal warehouse building behind the restaurant that would be included in the sale or could be leased as well.Lease: The current lease has 2 years remaining with three, three-year-options to extend.
The monthly rental rate is only $2056.00 per month!. There is no CAM charge although the tenant is responsible for 1/3 of the property taxes which are estimated to be $7,850.00 per year with tenants share being $2,616.00 per year. There is a deposit worth one month’s rent held by the landlord. There is every expectation the landlord will be very cooperative in agreeing to assign the current lease to a qualified buyer. A copy of the lease and all amendments is available upon request.
All FF&E is owned by the seller and will be included in the sale. A list of all equipment is available upon request. Over $200,000 in recent renovations were completed and the place is stunning.
Operation: The current owner only stops by the restaurant a few days per week with a manager and assistant manager running the business. He monitors the business through an internet POS and Camera system that can be downloaded to your cell phone and computer. It is very easy for the seller to leave town for vacation if wanted. It is believed that an on-site owner-manager could both increase revenue and reduce operating costs to effect very attractive bottom-line results.
Growth and Expansion: In addition to improvements in operations, as noted above, there is tremendous potential to grow revenues through offering catering and delivery. Also, the real estate could be purchased or leased and the unused spaced could be used to expand the business. No marketing has been done thus far.
Support/Training: This restaurant is an absolute turn-key operation with full management and staff in place. Although he is offering the standard two week training period, the seller is willing to work with a buyer in any reasonable manner to effect a smooth transition. In addition to training, the seller is more than happy to sign a non-compete agreement stating that he will not open another restaurant within five miles of the business for a two year period.
Sold for $132,000 All Cash.
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