Seller Financing Available
2.32 acres w. 4600 sf, 16-yr old Italian restaurant w lots of extras
Profitable restaurant with RE. Seller motivated! Bring Offfers!
Real Estate MUST be included. Instead of paying rent, you end up owning the real estate and have an additional lot for future project at almost the same cost.
Seller Financing available with 25% down.
This is an open and operating business. Please do not make any attempt to contact staff or ownership.
An exclusive opportunity to own an established 4615 sf Italian full-service restaurant(beer&wine only) located on 2.32 acres in a large office and industrial park off a key NE Metro Atlanta Highway. The restaurant services a captive customer base of over 3500 employees and an average daily traffic count of 44,880. Also, there are hotels, churches, headquarters for national companies, parks and neighborhoods in close proximity.
Currently, the business is open only six days a week, closed on Sunday. The current owner is offering up to two weeks of training. The owner, who has been in the industry since 1969, has reached retirement age and wants to exit the business.
With the proper Owner/Operator(family business will be ideal), sales can be dramatically increased with the addition of extending hours, opening on Sundays , re-open the existing yet unused drive-thru , not to mention other implantation of cost saving ideas. However, the most significant increase could be generated by adding breakfast to the current lunch/dinner menu. Being off the highway on the inbound lane (morning traffic side) with a ready- to- use drive-thru, the breakfast business could bring a substantial revenue increase.
The Real Estate is valued at $950,000 and it must be included in the sale. Total price:$1,150,000. The owner is open to discuss financing options with 25% down payment.
SBA pre-qualified with 15% overall down payment.
Under this scenario, your annual payment will be $73,800. Taxes and insurance are already included in the cash flow calculation. So, even if you keep the restaurant the way it is: without breakfast, drive-thru and closed on Sundays as an owner/operator, you will still be making $3,500/month and enjoy the real estate appreciation and the potential gain from a future development on the empty lot!!!
However, if you consider opening on Sunday, based on historical data provided by the owner, the sales will increase between $120-$150,000.