Business Overview

This is a neighborhood staple, a highly profitable and extremely rare Restaurant and Bar with excellent character and great per square foot sales. A beautifully designed bar & grill that serves amazing food.
Currently operating with an absentee owner, sales of over $1,125,000 for 2019 and on trackt to do the same for 2021.
THIS IS NOT ONE TO MISS! Diverse, loyal, and vibrant customers bring this prosperous Restaurant/Bar to life. Situated in the heart of a prosperous Gwinnett county city area with 1,000s of daily office professionals surrounded by high-end residential units generates four strong busy times: Lunch, Dinner, happy hour and late night. The combined indoor and outdoor seating is close to 100. 4 years left on the lease with 2 (5) years options to renew. Keep concept and enhance menus for even better sales or keep the same and let this investment pay for itself in few months.

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: $450,000
  • Cash Flow: $132,379
  • Gross Revenue: $1,125,000
  • EBITDA: N/A
  • FF&E: $100,000
  • Inventory: $5,000
  • Inventory Included: Yes
  • Established: 2014

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,417
  • Lot Size:N/A
  • Total Number of Employees:14
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Fun, Money-Making, Hang-Out for all the locals & surrounding areas!! 2,417 sf in situated in the heart of a prosperous Gwinnett county city with a large patio and plenty of parking.

Is Support & Training Included:

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

Purpose For Selling:

Retiring

Pros and Cons:

There is not much competition in the area as it's a small downtown with very limited restaurants presence.

Opportunities and Growth:

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.

Additional Info

The venture was started in 2014, making the business 8 years old.
The sale does include inventory valued at $5,000, which is included in the listing price.

The business has 14 employees and is situated in a building with approx. square footage of 2,417 sq ft.
The property is leased by the business for $10,560 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell operating businesses. Nonetheless, the genuine factor vs the one they say to you might be 2 completely different things. As an example, they might state "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be justifications to attempt to hide the reality of altering demographics, increased competition, recent reduction in earnings, or an array of various other reasons. This is why it is extremely essential that you not count absolutely on a vendor's word, yet instead, utilize the vendor's response combined with your total due diligence. This will repaint a more reasonable picture of the business's existing situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses take out loans so as to cover points like stock, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that profit margins are too thin. Lots of businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that should be fulfilled or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location bring in brand-new consumers? Most times, operating businesses have repeat clients, which form the core of their everyday earnings. Specific elements such as new competition growing up around the location, roadway building, and personnel turn over can affect repeat clients and also adversely impact future revenues. One vital thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the higher the chance to develop a returning consumer base. A final idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? How might the neighborhood mean home earnings impact future revenue potential?