Award Winning Craft Kitchen and Bar priced to sell

Norcross, GA (Gwinnett County)

Award Winning Craft Kitchen and Bar priced to sell
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Asking Price: $349,000

Cash Flow: $180,000

Gross Revenue: $950,000

EBITDA: $180,000

FF&E: $100,000

Inventory: N/A

Rent: $5,250 /Month

Established: 2016

Award Winning Craft Kitchen and Bar priced to sell

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Business Description

Motivated Seller!

This well established and highly profitable original concept has been serving the community for almost 4 years. Offering original recipes and a large assortment of local craft beers. The decor is a rustic, industrial feel with some cool modern art mixed with antiques. Great team on board that will remain with new owners. The current owner is selling for personal family reasons.

Detailed Information

Location:
Norcross, GA
Real Estate:
Leased
Building SF:
2,489
Lease Expiration:
11/30/2019
Employees:
18
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All FF&E included. Beautiful custom made bar and back bar. 2 fryers, 1 oven, 2 flat tops, 1 4-eye burner, 4 coolers on the line, 2 beer/wine coolers bar ice bin, 2- 3-door fridge, 2 - 1-door fridge, 4 prep tables, 3-comp sink, 2 prep sinks, ice machine, Ninja Processor/blender, Cart on side B, Servers table, 1 smaller 3 comp sink, 1 (small) dishwasher, 27 tables (custom made) with chairs and banquette (custom made), 2 high tops (custom made), Banquette (custom made), Lighting (all Custom made),2 metal shelves, various art, desk in office, 2 carts (furniture) The lease ends Nov 2019 and there is one 5 year option.
Competition:
The originality of the food and atmosphere make it a stand out one-of-a-kind restaurant.
Growth & Expansion:
This is a perfect situation for a new owner to add their own original recipes to the menu and not seem out of place
Financing:
Discretionary income is $88,000.00
Support & Training:
2 weeks training for buyer this is negotiable
Reason for Selling:
Personal family reasons
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Contact the Seller

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Brian Weinberg

Business Listed By:
Robert Weinberg

Weinberg and Company Inc.

Show Phone Number

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

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