Metro ATL Suburb Seafood Restaurant-Buy w/R.E. or Lease-Profitable

Lilburn, GA (Gwinnett County)

Seller Financing Available
Metro ATL Suburb Seafood Restaurant-Buy w/R.E. or Lease-Profitable

Asking Price:$495,000

Cash Flow:$80,000

Gross Revenue:$360,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1983

Metro ATL Suburb Seafood Restaurant-Buy w/R.E. or Lease-Profitable

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Business Description

This casual laid back seafood restaurant is well established and profitable year after year. This is a very high visibility restaurant on a very high trafficked Metro Atlanta highway.

Established 1984 and owned and operated by original owner since opening.

2014 Gross sales of this seafood restaurant were $360,000 with Owner pulling out $80,000 after all expenses.

Owner manages restaurant himself and has no expensive front or back of the house Management or Chef salaries to worry about. This is a very popular neighborhood favorite with incredible reviews. Sales have been up every year 5% over the previous year with 2015 sales up $15% over 2014.

Currently restaurant is open for dinner Thursday, Friday and Saturday 5:00 PM to 9:00 PM only. Adding lunch, brunch, and additional dinner shifts could dramatically increase sales and profits. Keep as Seafood concept or convert to any concept.

Motivated Seller is retiring and has priced this at $495,000 for Real Estate, Business and all F.F.& E. or will lease at a monthly rental rate of $4,000 including all extras after purchasing business for $115,000.

Owner would consider some Owner financing on purchase of real estate and business in package deal.

Detailed Information

Facilities:
This is a very high visibility restaurant on a very high trafficked Metro Atlanta highway. Freestanding 2,488/sf fully equipped and turn-key restaurant on approximately one acre. Excellent street frontage at 108 feet. Seating for 100.
Growth & Expansion:
Currently restaurant is open for dinner Thursday, Friday and Saturday 5:00 PM to 9:00 PM only. Adding lunch, brunch, and additional dinner shifts could dramatically increase sales and profits. Keep as Seafood concept or convert to any concept.
Financing:
Will consider.
Support & Training:
Please ask broker for details.
Reason for Selling:
Retiring.

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Steven Josovitz

Business Listed By:
Steven Josovitz

Shumacher Restaurant Brokers

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Memberships & Certifications:
Indicates membership in The Georgia Association of Business Brokers (GABB).

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