Business Overview

Woodstock Georgia Freestanding Restaurant for Sale – 2021 Net Profit $572,244.99 – Great Books – Well Est. – Fully Staffed- SBA & Owner Financing Friendly

Metro Atlanta Full Service Restaurant for Sale.

Upscale Casual.

7,000 sf on 3-Acres

Tons of dedicated parking.

2021 Gross Sales was $2,415,044.49
2021 Net Profit 2021 Net Profit $572,244.99.

Solid books with Federal Tax Returns to prove.

SBA Friendly.

Retirement forces sale.

Same Owner over 20-Years.

Turnkey w/Great Support and Training by Owner who is also Landlord.

Long-term lease at starting at $22,916.66 monthly with 2% annual escalations.
Real Estate Taxes and Insurance run $2,150 monthly.

Seating for 300-guests.
Stunning outdoor patio 100.
Bar seats 30.

The restaurant includes three private dining rooms that open to own outdoor courtyards.

Full front and back of the house staff make for a flawless transition.

Most of the staff has been with the Owner since day one.

Proven business but could be converted to another concept if desired.

Full support and free training.

Priced at $1,000,000 with Owner financing options available.

Financial

  • Asking Price: $1,000,000
  • Cash Flow: $572,244
  • Gross Revenue: $2,415,044
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2002

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:7,000
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

7,000sf on 3-Acres. Long-term lease at starting at $22,916.66 monthly with 2% annual escalations. Real Estate Taxes and Insurance run $2,150 monthly. Seating for 300-guests. Stunning outdoor patio 100. Bar seats 30. Tons of dedicated parking. The restaurant includes three private dining rooms that open to own outdoor courtyards. Turnkey w/Great Support and Training by Owner who is also Landlord.

Is Support & Training Included:

Full front and back of the house staff make for a flawless transition. Most of the staff has been with the Owner since day one.

Purpose For Selling:

Retirement

Pros and Cons:

Ask broker for details.

Opportunities and Growth:

Proven business but could be converted to another concept if desired.

Additional Info

The business was established in 2002, making the business 20 years old.

The building is leased by the business for $22,916 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell companies. Nevertheless, the true reason vs the one they tell you might be 2 completely different things. As an example, they might state "I have too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might just be excuses to try to conceal the reality of changing demographics, increased competition, recent reduction in incomes, or an array of other reasons. This is why it is very essential that you not count absolutely on a seller's word, yet instead, utilize the vendor's solution in conjunction with your overall due diligence. This will repaint a more sensible picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover points such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that earnings margins are too tight. Lots of companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that need to be satisfied or may lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location attract brand-new clients? Most times, operating businesses have repeat consumers, which develop the core of their daily revenues. Particular aspects such as new competitors growing up around the area, roadway building and construction, and personnel turnover can impact repeat customers and negatively influence future earnings. One crucial thing to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business often, the better the opportunity to construct a returning consumer base. A last idea is the basic area demographics. Is the business located in a densely inhabited city, or is it situated on the outside border of town? Just how might the regional average home earnings influence future earnings potential?