Listing ID: 80260
Newly built restaurant and bar near perimeter mall and close to all the top ranked Dunwoody restaurants, top notch equipment, great restaurant/Bar set up that can work for any concept. Seller spent upwards of 500k to put this establishment together and it can be yours for 150k.
Irish-themed brew pub, complete with a full bar, ready for a new owner to take over. A great, versatile space on a busy corner! Popular restaurants nearby such as Fogo De Chao, J Alexander, McKendrick’s Steakhouse, Eclipse De Luna and so many more. This restaurant was owner-operated and well maintained by a local restauranteur. lots of light, two bathrooms, Nice fenced patio. Back service door for employees and service deliveries. Mini office/storage area. ***You literally can have your dream restaurant in here with enough room in the back-prep space area to maintain a profitable catering business.
3,000 sf fully equipped restaurant in the heart of Dunwoody, surrounded by dense 200k median household income neighborhoods. The restaurant is built as a British pub with a huge bar and a fully equipped kitchen that can handle any concept.
Gross Monthly rent of $ 13,128.27. FF&E included in asking price. 3,000 ft. in high traffic volume and great demographic area. Tons of room for growth with more marketing and internet presence. Competitive rent for the area.
FACILITY: Classic Neighborhood Tavern
PARKING: Plenty of parking
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: with long term lease in place with options to renew.
GROSS RENT: $ 13,128.27
SIZE: 3,000 square feet plus patio
PROOF OF FUNDS AND SIGNED NDA MUST BE RECEIVED PRIOR TO DISCLOSING ANY FURTHER INFORMATION. THIS IS AN OPERATING BUSINESS; PLEASE REFRAIN FROM SPEAKING TO STAFF OR MANAGEMENT.
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please call us to discover the difference that is.
- Asking Price: $175,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $150,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Moving out of state
Add a good audio-visual package for sporting events, open for lunch and late night. Lots of growth potential especially with regards to lunch time catering/delivery meals to local business. With active marketing through social media and other channels, the sales can be significantly increased for this high profit business.
The venture was started in 2020, making the business 2 years old.
The company has 6 employees and resides in a building with approx. square footage of 3,000 sq ft.
The building is leased by the business for $13,128 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell companies. Nonetheless, the true factor and the one they tell you might be 2 totally different things. As an example, they may claim "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might just be excuses to try to hide the reality of altering demographics, increased competition, current reduction in revenues, or an array of other factors. This is why it is really vital that you not count completely on a seller's word, however instead, use the vendor's answer in conjunction with your total due diligence. This will repaint a much more practical image of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Many businesses finance loans with the purpose of covering items like stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that profit margins are too thin. Numerous organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that should be fulfilled or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in new clients? Most times, businesses have repeat customers, which create the core of their day-to-day earnings. Certain aspects such as new competition sprouting up around the location, road construction, as well as staff turnover can influence repeat customers as well as adversely affect future profits. One vital point to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business often, the greater the possibility to build a returning client base. A final idea is the basic area demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? How might the neighborhood typical family earnings impact future income potential?