Business Overview

Historic Vinings GA Paces & Vine Restaurant & Bar w/ Patio for Sale – Fully Equipped, Fully Staffed, Open, Turnkey or Convert – $1.2M Build-Out – Well Est. – Sales Have Reached $3.2M.

(This is an Open and Operating Business. Please be respectful and do not make any attempt to contact or speak to Staff, Management, Landlord, and or Ownership. Documentation and Inspections will be provided upon request)

Paces & Vine Restaurant for Sale.
Located at 4300 Paces Ferry Rd SE #250, Atlanta, GA 30339.

The team at the helm of Virginia-Highland’s culinary icon, Murphy’s Restaurant, introduces its signature contemporary American comfort food to Vinings! Offering artful yet approachable fare with simple presentation and careful preparation, Paces & Vine offers Murphy’s signature ‘contemporary American comfort food’; staying committed to dining and living locally. Expect fun, adventurous fare with a fresh, seasonal menu.

Paces & Vine offers weekday lunch, weekend brunch, and nightly dinner service.

Fully Equipped, Fully Staffed, Open, Turnkey or Convert

Sales have reached $3.2M

Lease Term remaining: 25 months.

Options: two 5 year options – options for negotiating extensions, additional patio until the end of 2022 due to COVID (potential negotiate into a permanent lease with no additional rent)

Base Rent : $16,299.45

Cam and other pass-through expenses : CAM $1,481 TAX $1,230 INS $182 WATER $560

% Rent if any: 5.5% over a natural break point

Sq. footage of premises: 4,841 square feet

Fire Marshal occupancy number: 256
The number of seats in Dining Room: 94 approx. seats
Bar: 14 seats and is approximately 45-ft.
Additional 30-seats in the private dining room.
Main patio seats 60 seats with a fireplace.

$1.2M Opening Cost.

Established 2013.

Full back and front-of-house Staff make for a flawless transition.

Plenty of parking.

Financial

  • Asking Price: $500,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2013

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:4,841
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease Term remaining: 25 months. Options: two 5 year options – options for negotiating extensions, additional patio until the end of 2022 due to COVID (potential negotiate into a permanent lease with no additional rent) Base Rent : $16,299.45 Cam and other pass-through expenses : CAM $1,481 TAX $1,230 INS $182 WATER $560 % Rent if any: 5.5% over a natural breakpoint Sq. footage of premises: 4,841 square feet Fire Marshal occupancy number: 256 The number of seats in Dining Room: 94 approx. seats Bar: 14 seats and is approximately 45-ft. Additional 30-seats in the private dining room. Main patio seats 60 seats with a fireplace. Plenty of parking. $1.2M Opening Cost. HOURS: Mon-Thu 11am-10pm Fri 11am-11pm Sat 9am-11pm Sun 9am-10pm

Is Support & Training Included:

Fully Equipped, Fully Staffed, Open, Turnkey or Convert

Purpose For Selling:

Other business interests.

Pros and Cons:

Ask broker.

Opportunities and Growth:

Fully Equipped, Fully Staffed, Open, Turnkey or Convert

Additional Info

The venture was established in 2013, making the business 9 years old.

The property is leased by the business for $16,299 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals resolve to sell operating businesses. However, the genuine reason and the one they say to you might be 2 absolutely different things. As an example, they might claim "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might simply be justifications to try to conceal the reality of altering demographics, increased competition, recent decrease in earnings, or a variety of various other factors. This is why it is really crucial that you not rely absolutely on a seller's word, yet rather, utilize the vendor's solution together with your overall due diligence. This will repaint a more realistic image of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses borrow money in order to cover points like inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that profit margins are too thin. Numerous companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that must be satisfied or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location attract brand-new clients? Many times, operating businesses have repeat customers, which develop the core of their everyday earnings. Certain elements such as brand-new competition growing up around the location, roadway construction, as well as personnel turnover can influence repeat consumers and adversely affect future earnings. 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 often, the better the opportunity to construct a returning consumer base. A last thought is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Just how might the regional typical family earnings influence future earnings potential?