Established Alpharetta, Georgia Restaurant Business for Sale

Alpharetta, GA (Fulton County)

Seller Financing Available
One half of restaurant
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Asking Price: Get Financing: $80,000

Cash Flow: $175,000

Gross Revenue: $774,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $6,900 /Month

Established: 2016

Established Alpharetta, Georgia Restaurant Business for Sale

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Business Description

Rare opportunity. PRICED TO SELL so act now! Owners retiring to other businesses.
Not to be missed at all... Alpharetta, Georgia profitable restaurant for sale with annual sales of just under $800k in 2017 delivers approx. $175,000 to an owner operator.

Asking price: $80k for quick sale as owners retiring to other businesses.

Ultimate location drives cash directly to the bottom line earning on this restaurant, delivering $175,000 annually on 770k+ sales. Great figures and great location may also help with easy approval from a SBA lender

Located in a charming and hip business district of Alpharetta, Georgia, this successful restaurant for sale serves up craft cocktails and craft beer along with delicious dishes using only the freshest of ingredients. This restaurant boasts of a big lunch buffet, which lot of corporate people come to cherish during weekdays, and in the evening, the restaurant is accepting reservations, and also can take private parties for around 180 people.

We will keep the name and location confidential, and will only reveal to well qualified buyers only. It is great area for corporate catering, with big business houses like AT&T, ADP walking distance

Total rent for this 3700 square foot restaurant for sale that seats over 140 guests is only $6900 modified gross. The location is such a prime location that this rent is less than current marketable rent in the area. The current lease is till end of 2020 but it has 2 options to renew at very minimal rent escalations.

The restaurant for sale has a great goodwill, with 4+ ratings on google, facebook, tripadvisor, ubereats

Alpharetta, also known as Technology City of South, is a terrific place to own a restaurant for sale as the area is densely populated with both businesses and households. The median age is 34 with close to 50% of the population being married families. Perfect for a moderately priced successful business such as this. And with an average household income of just under $100,000 there is plenty of discretionary spending for dining out.

Rare opportunity. Strong sales, terrific cash flow, amazing location, and great books will attract a ton of buyer interest, so act now!

**Disclaimer: All information as provided by the owners, broker is not responsible for the accuracy, buyer is encouraged to perform their own due diligence

Detailed Information

Real Estate:
Leased
Building SF:
3,700
Lease Expiration:
11/1/2020
Employees:
5
Facilities:
Fully Equipped Kitchen ( Walk in Freezer, Walk in Refrigerator, Hood, Dosa Grill, 10 Burner Range, Refrigerator, 3 Clay Ovens, 2 Fryers, 2 Standalone Burners, Sandwich Table, 2 Bars, furniture including booths, tables 144 seating, 2 LED TV's, Décor etc
Competition:
Located in a busy Retail Center with lot of multicultural foot traffic, and business district. Big Corporate offices walking distance. Large mixed development with lot of townhouses coming across the street with lot of opportunities
Growth & Expansion:
Currently, the restaurant is very close to big business houses. Big luxury townhouse community coming across the street which will significantly increase foot traffic.
Support & Training:
yes, can be provided
Reason for Selling:
Seller retire to other business
Franchise:
This business is an established franchise
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Business Listed By:
M Singh

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