Business Overview

North Atlanta Casual Italian Restaurant & Pizzeria for Sale w/Full Pouring License & Big Patio – Well Est – 2021 Net $850,000 on $4,000,000 Sales – SBA Friendly – Great Books – Fully Staffed – Easy to Run

North Atlanta Italian Restaurant, Pizzeria & Bar for Sale.

Well established.

Nationally anchored shopping center.

2021 Net Profit $850,000 after all expenses..
2021 Gross Sales $4,000,000.

2020 was only down 3% but 2021 was incredible.

The rent is $7,300 monthly, all in.
Ten-year lease.
5-year option to renew.

SBA Friendly.

Great Books.

Fully Staffed with almost 70 on the payroll.

Easy to Run.

Loyal Staff, Management Team, and Executive Chef guarantee flawless transition.

The owner will stay on to train the Buyer at no additional cost.

The owner only spends about 30-35 hours a week at the restaurant making this almost absentee.

3,500/SF.
Seating for 175.
Big outdoor patio seats 50.

Brand new HVAC.

Clean and efficient kitchen.

Priced at $3,250,000

Financial

  • Asking Price: $3,250,000
  • Cash Flow: $850,000
  • Gross Revenue: $4,000,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
About The Facility:

Nationally anchored shopping center. 3,500/SF. Seating for 175. Big outdoor patio seats 50. Brand new HVAC. Clean and efficient kitchen. The rent is $7,300 monthly, all in. Ten-year lease. 5-year option to renew.

Is Support & Training Included:

Loyal Staff, Management Team, and Executive Chef guarantee flawless transition.

Purpose For Selling:

Other business interests.

Pros and Cons:

Ask broker.

Opportunities and Growth:

Ask broker.

Additional Info

The property is leased by the company for $7,300 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell businesses. However, the real reason vs the one they say to you may be 2 totally different things. As an example, they may state "I have too many various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might simply be justifications to try to hide the reality of altering demographics, increased competition, recent reduction in profits, or a variety of various other reasons. This is why it is really crucial that you not rely completely on a vendor's word, but rather, utilize the seller's solution along with your total due diligence. This will repaint a more sensible picture of the business's current scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money with the purpose of covering items such as stock, payroll, accounts payable, and so on. Remember that sometimes this can imply that earnings margins are too thin. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that must be satisfied or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area draw in new customers? Many times, businesses have repeat customers, which create the core of their daily profits. Particular elements such as new competitors growing up around the location, road construction, and staff turn over can impact repeat customers as well as adversely affect future incomes. One crucial point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the greater the chance to build a returning customer base. A final thought is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the outside border of town? How might the regional mean family earnings impact future earnings prospects?