Beautifully Restored Mansion to Restaurant

Augusta, GA (Richmond County)

Beautifully Restored Mansion to Restaurant

Asking Price:$325,000

Established:1973

Beautifully Restored Mansion to Restaurant

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Asset Sale Description

Typical of Victorian Homes painted different colors is "A Painted Lady". The 1854 historic mansion is 'A Painted Lady'. It was converted from a residence to a restaurant in the 1970's with a kitchen and upstairs dining room addition in 1975. For the last 25 years the owner and his family were owner operators and made quite a name in the local and international circles for excellence in fine dining. The restaurant also featured a Tapas and Wine Bar for more casual dining. The Masters Golf Tournament each spring brought international clientele from individual and corporate parties. The maximum seating is 170 and each night during that week it would have a full house. It was the biggest week of the year in revenues. The average check for each person, during the tournament, was $150. Other clients were from local industry, corporate dinners, pharmaceutical dinners from 3 teaching hospitals in the area and monthly wine pairing dinners. Additionally there were wedding receptions, special events venue, seasonal festivals, charity dinners and other yearly events. Broad Street is about three blocks away and currently two large hotels are scheduled for construction on Broad Street in the near future. A fine restaurant such as this would be a real draw for the guests who will be staying at these facilities. Across the Savannah River and within a quarter mile of Broad Street, another hotel is scheduled to be built at a new ball park. The asking price is a reduced price. As an operating business the price would be much higher. Due to the unexpected death of the owner and chef, his family closed the restaurant and has now set the price to just cover the building, kitchen equipment, furniture and fixtures. Owner is confident that with the excellent reputation earned over the years and all the loyal patrons, with the right chef, this business could be up and running very successfully in a very short time. Not only would this restaurant be a place for fine dining, but a wonderful location for catering venues for weddings and special events. The grand staircase beneath a beautiful chandelier makes for a very impressive entrance hall and photo setting.

Detailed Information

Facilities:
With kitchen addition and extension of dining room upstairs added in 1975, building. A new ventilation hood was installed at a cost of $30,000 and used only two months before closing the restaurant. A list of assets to include the fixtures and equipment will be provided upon request. size is approximately 5,997 sq. ft. with a lot size of approximately 0.53 acres.
Support & Training:
If a Buyer would be interested in the client list of over 1500 e-mail contacts, the owner will include these at an additional charge to be negotiated. Owner will provide consultation, if requested, at no additional cost.
Reason for Selling:
Family is selling due to unexpected death of owner/chef.

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Tim Dalton

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Tim Dalton

Integra Business Brokers

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