Profitable and established Restaurants and Banquet Halls for sale

Fulton County, GA

Profitable and established Restaurants and Banquet Halls for sale
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Asking Price: $1,677,006

Cash Flow: $540,970

Gross Revenue: $1,825,967

EBITDA: N/A

FF&E: $473,470

Inventory: $25,000*

Established: 2008

*not included in asking price.

Profitable and established Restaurants and Banquet Halls for sale

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Business Description

This is a great and rare opportunity to own an an established brand in Atlanta since 2008. This would be a ideal acquisition for an experienced restaurant owner or restaurant group to acquire 2 restaurants and event halls. Businesses have been a staple in the Atlanta market and have a strong local and national presence

These businesses provide multiple revenue streams from the standard lunch and dinner customers as well as catering and private events. Various upside opportunities to discuss once an NDA is signed, but one to highlight is prior to 2018, owner's were actively involved in catering the Wedding industry that generated significant additional income. They've since not focused on the industry due to the time and commitment required as well as they focused their growth strategy to other opportunities.

Lease terms: 8 Years, until 2027
Total lease amount is $18,552 per month (all locations)
Total seating for both restaurants: 217 seats

Detailed Information

Location:
Fulton County, GA
Inventory:
Not included in asking price
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
Target corporate catering contracts and the wedding industry. Additional avenues to discuss
Support & Training:
3 weeks
Reason for Selling:
other interests
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Vivek Patel

Business Listed By:
Vivek Patel

Transworld Business Advisors Atlanta-Intown

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Sponsoring Broker:
Viraj Patel

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