Lake Oconee Restaurant & Bar-Profitable-Lease or Buy w/ Real Estate

Greensboro, GA (Greene County)

Lake Oconee Restaurant & Bar-Profitable-Lease or Buy w/ Real Estate
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Asking Price: Get Financing: $1,300,000

Cash Flow: $200,000

Gross Revenue: $1,400,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $825,000

Established: N/A

Lake Oconee Restaurant & Bar-Profitable-Lease or Buy w/ Real Estate

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Business Description

Greensboro Georgia Restaurant & Bar – Lake Oconee – Profitable – Lease or Buy w/Real Estate – Owner Financing.

Greensboro Georgia Restaurant & Bar for sale.

Desirable Lake Oconee location.

Middle to a very high-income area.

Greensboro is a town filled with gorgeous scenery, a quaint and historic downtown, and delicious food.

Profitable. Established for ten years.

Lease or Buy w/Real Estate.

Monthly rent on business purchase only will be $6,000 per month plus $300 CAM.
Real Estate Taxes are $4,000 per year.

Mint condition with recent $250,000 renovation to the kitchen.
Fully up to code.

2017 Gross Sales $1,400,000 on six dinners only.
2017 Net Profit $200,000 after paying all expenses.

2018 business up from the previous year.

Adding lunch, brunch and additional dinner shift can dramatically increase business.

Great staff in place makes for a flawless transition.
Retiring Owner will provide training during the transition at no charge.

The owner would finance with as little as 25% down to very strong credit worth Buyer.

Priced at $1,300,000 for business and real estate or purchase business only for $425,000.

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
N/A
Facilities:
Freestanding 5,800/sf. Seats 140. Bar seats 20. Outdoor patio seats 20. Monthly rent on business purchase only will be $6,000 per month plus $300 CAM. Real Estate Taxes are $4,000 per year. Mint condition with recent $250,000 renovation to the kitchen. Lease or Buy w/Real Estate.
Growth & Expansion:
Adding lunch, brunch and additional dinner shift can dramatically increase business.
Support & Training:
Retiring Owner will provide training during the transition at no charge.
Reason for Selling:
Retiring.
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Contact the Seller

(from currently available funds)
 
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Steven Josovitz

Business Listed By:
Steven L. Josovitz

Shumacher Restaurant Brokers

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

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