#6108
Atlanta GA Freestanding Restaurant & Sports Bar for Sale.
24.7 Location.
Keep or Convert
Clean Books.
Freestanding 6150/SF.
Size:
Down bar 14 seats
Down Restaurant table seating for approx 80
Outside 6 tables/ 24 seats (this could be expanded)
Upstairs bar 14 seats
Upstairs restaurant 11 tables/46 seats
Upstairs patio 4 tables/ 16 seats
Private events upstairs with 125+ in cocktail setup
Full buyout events for 300-400 people in a cocktail setup
Hot Location.
50/50 Food to Alcohol Mix
Well Established.
Rent is $11468.50 Rent per month.
Real Estate annual taxes $22,081
$6239 Insurance paid to Landlord paid annually.
$2794 Solid waste tax bill paid annually.
$6239 Insurance paid to Landlord paid annually.
7-year lease.
Gross Sales/Net Profit
2018- $2.39 $668,000
2019 $3.29 / $719,000
2020 $1.03 / 190,000
2021 $2.74/$822,000.
2022 $3.1/$1,200,00
Seller states 2023 we are at 2MM in sales as of the end of August so right on pace with 2022.
Comments:
GM salary – $74,000
KM – $42,000
Utilities $24,000
Staff breakdown: 8 Kitchen/ 5 BOH / 10 FOH/ 4 Managers (who also sometimes Bartend)
No long-term debt.
No assumable loans
Reason for sale: Owners Transitioning to our property management real estate business
Priced at $1,900,000.
Click here to sign up for our free email alerts
to get new listings, price changes, updates and news.
If you need more information about this or any of our other listings,
please click here to electronically fill out our CA/NDA.
