Tavern and Meeting Space w/ Great Upside Potential

Norcross, GA (Gwinnett County)

Tavern and Meeting Space w/ Great Upside Potential
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Asking Price: Get Financing: $125,000

Cash Flow: N/A

Gross Revenue: $833,000

EBITDA: $137,000

FF&E: N/A

Inventory: N/A

Lease Rate: $9.66 /SF/Year

Established: N/A

Tavern and Meeting Space w/ Great Upside Potential

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Business Description

Tavern and Meeting Space w/ Great Upside Potential

Price Reduced - Price open to negotiations - Seller Motivated. Opportunity to own a well established, long term restaurant located in Norcross, Georgia. Steady income from the restaurant and from the huge meeting space in the back; there is a huge room in the front of the restaurant currently not used and the meeting space in the back is extremely under utilized and could be converted into expanding the restaurant or advertised better for more bookings.

Easy business to learn, operate and maintain.

Ample parking, great street visibility and has high (4-4.5 star) ratings on Facebook, TripAdvisor and Google.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
8,792
Lease Expiration:
2/28/2025
Growth & Expansion:
The meeting space located in the back is currently underutilized and could be converted into expanding the sitting area or booked for different purposes.
Support & Training:
Seller will provide 2 weeks on-site training
Reason for Selling:
Seller is moving out of area
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Tim Hur

Business Listed By:
Tim Hur

Point Honors and Associates, Realtors

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