Business Overview

An iconic Neighborhood tavern/Restaurant located in Atlanta for sale, have been in business for over 30 years under the same ownership (absentee). 4,503 +/- square feet space with a lot of character, nice patio and plenty of parking.

This gem of a neighborhood pub boasts a big bar and comfortable dining room— patrons just love it. A small kitchen with a very creative menu that can be further enhanced with your ideas. Yearly sales of $1,356,000 with net profit of over $250,000 for an absentee owner. The sales have been consistent for many years and with major expansion potential if the new owners add a good audio-visual package for sporting events, open for lunch and late night.

FACILITY: Classic Neighborhood Tavern
PARKING: Plenty of parking
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: Landlord will sign a new lease with long terms.
GROSS RENT: $11,400
CONCEPT: Pub/Restaurant
SIZE: 4,503 +/- 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.

Financial

  • Asking Price: $1,000,000
  • Cash Flow: $250,180
  • Gross Revenue: $1,356,000
  • EBITDA: N/A
  • FF&E: $100,000
  • Inventory: $2,500
  • Inventory Included: Yes
  • Established: 1996

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:4,503
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

4503 sf +/- plus a patio

Is Support & Training Included:

Will provide support and training to get the new owner up and running. TBD.

Purpose For Selling:

Retiring and moving out of state

Pros and Cons:

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.

Opportunities and Growth:

Open late night as there is a huge demand for it.

Additional Info

The venture was established in 1996, making the business 26 years old.
The transaction will include inventory valued at $2,500, which is included in the requested price.

The business has 12 employees and is situated in a building with approx. square footage of 4,503 sq ft.
The real estate is leased by the business for $11,400 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell operating businesses. Nevertheless, the true reason and the one they tell you might be 2 totally different things. For instance, they may state "I have a lot of various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may just be excuses to attempt to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or a range of other reasons. This is why it is really crucial that you not depend entirely on a seller's word, but rather, make use of the seller's response together with your total due diligence. This will repaint an extra practical image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies finance loans in order to cover points like supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can imply that revenue margins are too thin. Lots of companies fall into 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 take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that should be fulfilled or may lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location bring in brand-new customers? Often times, businesses have repeat customers, which form the core of their everyday profits. Certain factors such as new competition sprouting up around the location, roadway building and construction, and also staff turnover can affect repeat clients and also negatively influence future incomes. One vital thing to consider is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business often, the higher the possibility to develop a returning customer base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it located on the edge of town? Just how might the local median family income impact future revenue prospects?