Business Overview

North Atlanta Freestanding Restaurant for Sale – 2021 Sales $3.1M w/$701,691 Profit – SBA Friendly with Great Books & Finished Tax Returns – Great Staff in Place – Well Est w/Same Owner – Long Term Lease.

North Atlanta Freestanding Restaurant for Sale.

Profitable.

Well Established.

Same Owner since opening.

Open breakfast, lunch, and dinner.

6,900sf Freestanding.
Tons of parking.
Seating for well over 200 plus bar.

Rent is $18,754.00 monthly including CAM.
Ten-Year with 2×5 Options to renew.

2019 Gross Sales $2,200,000.

2020 Gross Sales $1,700,000.

2021 Gross Sales $3,119,396
2021 Net Profit $701,691.

Business is increasing monthly.

Professional Front and House Management Team in place.

Million Dollar Build-out.

Full support and training included.

Financial

  • Asking Price: $1,500,000
  • Cash Flow: $701,691
  • Gross Revenue: $3,119,396
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
About The Facility:

6,900 sf Freestanding. Tons of parking. Seating for well over 200 plus bar. Rent is $18,754.00 monthly including CAM. Ten-Year with 2×5 Options to renew. Million Dollar Build-out.

Is Support & Training Included:

Full support and training included.

Purpose For Selling:

Other business interests.

Pros and Cons:

Ask broker for details.

Opportunities and Growth:

Ask broker for details.

Additional Info

The property is leased by the business for $18,754 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals choose to sell operating businesses. Nonetheless, the real factor vs the one they say to you might be 2 completely different things. For instance, they may state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might simply be justifications to attempt to hide the reality of transforming demographics, increased competition, current decrease in incomes, or a variety of other factors. This is why it is very crucial that you not depend absolutely on a seller's word, yet rather, make use of the vendor's answer together with your total due diligence. This will paint a much more practical image of the business's existing circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Numerous companies take out loans in order to cover points like supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that earnings margins are too tight. Lots of businesses come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area attract brand-new customers? Often times, operating businesses have repeat clients, which form the core of their day-to-day earnings. Certain variables such as brand-new competition sprouting up around the location, road building, and personnel turn over can influence repeat clients and also adversely influence future incomes. One important point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business often, the better the possibility to construct a returning consumer base. A last idea is the basic area demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? How might the local median household earnings effect future revenue potential?