Listing ID: 80300
A Restauranteur’s and Investors Dream!!! Vibrant and successful multi-units Atlanta bars/Restaurants for sale, a total of 4 establishments with one of them being in business for over 30 years. Situated in north Fulton and Dekalb country.
These highly profitable establishments have been thriving, even during recent COVID restrictions. The concept has a loved and loyal clientele.
Close to 4 million in yearly gross revenue and $550,000 in net profit a year with one of the establishments being new and only few months in business.
– Highly profitable earnings
– Prime real estate locations that are leased with favorable terms
– Located in a fast-growing and prospering area of Atlanta and Metro Atlanta- High volume operations
– Excellent reviews and presence online and in social media!
Clean books and records.
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 sell, 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: $2,100,000
- Cash Flow: $552,697
- Gross Revenue: $3,665,902
- EBITDA: N/A
- FF&E: $400,000
- Inventory: $20,000
- Inventory Included: Yes
- Established: 1996
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:61
- Furniture, Fixtures and Equipment:N/A
The venture was started in 1996, making the business 26 years old.
The sale does include inventory valued at $20,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell companies. Nonetheless, the genuine factor and the one they say to you may be 2 completely different things. As an example, they may say "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might just be excuses to try to conceal the reality of changing demographics, increased competition, current decrease in revenues, or an array of other reasons. This is why it is very essential that you not rely entirely on a vendor's word, but rather, use the vendor's solution together with your overall due diligence. This will repaint an extra reasonable picture of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans so as to cover points such as inventory, payroll, accounts payable, and so on. Remember that sometimes this can indicate that revenue margins are too small. Numerous 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 commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that need to be fulfilled or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in brand-new clients? Often times, businesses have repeat consumers, which form the core of their everyday revenues. Particular variables such as new competition growing up around the area, road construction, as well as personnel turnover can affect repeat customers as well as negatively affect future earnings. One essential point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the greater the opportunity to develop a returning client base. A last thought is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? Exactly how might the regional typical household income influence future revenue prospects?