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Absentee-Owned Alpharetta Well Known Mexican Restaurant And Bar

Alpharetta, GA (Fulton County)

Absentee-Owned Alpharetta Well Known Mexican Restaurant And Bar
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Asking Price: $475,000

Cash Flow: $238,884

Gross Revenue: $1,474,608

EBITDA: N/A

FF&E: $100,000

Inventory: $5,000*

Rent: $6,500 /Month

Established: 2012

*not included in asking price.

Absentee-Owned Alpharetta Well Known Mexican Restaurant And Bar

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Business Description

Outstanding Alpharetta authentic Mexican restaurant located in a busy plaza with easy access and ample parking.1000’s of cars travel by daily. From the moment you open the doors, you enter a fully themed restaurant that seats 225 featuring artistic tile work, large multi-seat bar, several dining areas, and a full kitchen. The large servings offer authentic cuisine in a comfortable setting that customer appreciates. Rare chance to take over a successful restaurant with management staff. Seller is not on-site and spends minimal time at the restaurant to go over sales reports and make sure everything is running smoothly. Training would be with key staff members. Turn-key opportunity, an active owner could take over managers salary and add $52,000 in owner benefit.

The owner takes home $19,000 a month after all expenses, plenty of room for growth if a seasoned owner-operator takes over this operation.

Long term lease in place with 5 years remaining in the current term options to renew, Gross monthly payment of $ $6,500 that includes all CAM.

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Detailed Information

Location:
Alpharetta, GA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
6,400
Lease Expiration:
N/A
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
6,500 sf+/- in a super busy center neighboring and influent neighborhood, restaurant seats over 150 plus a full bar. Construction and growth are exploding in this north Atlanta area, Especially in Cumming and Alpharetta. This establishment has great potential. Located inside a Neighborhood Strip Center with heavy foot traffic.
Growth & Expansion:
Lucrative catering opportunities to the local corporate businesses has yet to be captured with so many offices in the area.
Support & Training:
2 weeks by the seller and managers.
Reason for Selling:
Other Interest
Business Website:
http://restaurantsbrokers.com
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(from currently available funds)
 
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Driss Senhaji

Business Listed By:
Driss Senhaji

Liberty Brokers LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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