N. ATL Steak & Seafood Restaurant-Profitable-Great 2015 Numbers-Finang

Peachtree Corners, GA (Gwinnett County)

Seller Financing Available
N. ATL Steak & Seafood Restaurant-Profitable-Great 2015 Numbers-Finang

Asking Price:$300,000

Cash Flow:$141,895

Gross Revenue:$862,098

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:2004

N. ATL Steak & Seafood Restaurant-Profitable-Great 2015 Numbers-Finang

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Business Description

For sale is an iconic and well known full service casual restaurant, bar and club with large room for private events.

Great visibility, Great Frontage, Great Signage and plenty of parking.

High income/ high traffic suburban North Atlanta location with tons of daytime office, retail, and thousands of residences making this a 24/7 spot.

Well established. Same owner since 2004.

Owner spent $700,000 on space including upgrades over the years. Everything is up to code. Seller warrants that everything will be in full working order.

2014 gross sales came in at $800,000 with Owner net and salary of $110,000.

2015 monthly gross sales are $862,098.60 with net profit of $141,895.93.

Owner financing available.
Owner would considering Partnering with a qualified and seasoned restaurant professional.

Detailed Information

Facilities:
Great visibility, Great Frontage, Great Signage and plenty of parking. High income/ high traffic suburban North Metro Atlanta location with tons of daytime office, retail, and thousands of residences making this a 24/7 spot. Approximately 7,000/sf with seating for 210 in master dining room, 22 seat bar, 30 on patio and additional 490/sf private dining room that seats 200 with 16-foot bar. Below market rental rate of approximately $7,500 monthly plus CAM of additional $1,200 per month. Five year lease has additional five-year option to renew.
Growth & Expansion:
Keep as is or convert to any concept.
Financing:
Some available.
Support & Training:
Please ask broker for details.
Reason for Selling:
Other business interests.

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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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