Newk’s Eatery Kennesaw for Sale – $3.61M Sales – $403,000 Net Profit

Kennesaw, GA Restaurant for sale:

Newk’s Eatery Kennesaw for Sale – $3.61M Sales – $403,000 Net Profit


#3057

(This is an Open and Operating Business. Please be respectful and do not make any attempt to contact or speak to Staff, Management, Landlord, and or Ownership. Documentation and Inspections will be provided upon request)

Newk’s Eatery for Sale.

Located at 1975 Cobb Parkway , Kennesaw, GA 30152

4,500/sf freestanding restaurant located in a nationally anchored center.

Established in December 2016.

Opening costs $1,170,000.

2017 Gross Sales $3,036,251
2017 Net Profit $291,127
2018 Gross Sales $3,332,774
2018 Net Profit $228,802
2018 Net Profit was lower than in 2017 due to Management Training Salaries for the new unit.
2018 personal add-backs for all three-units combined totaled $200,000.
2019 Gross Sales $3,361,788
2019 Net Profit $403,389
Management salaries: GM $50,000, AGM $42,000, Assistant Manager $40,000 plus all are on a bonus program plus two-hourly shift Supervisors at $15.00/hr.

Rent is $17,283 per month all in.

Sewer and Electric run about $4,200 monthly.

Staff: 15-FOH and Kitchen Staff of 20 at approximately $11.00/hr-$13.00/hr.

Royalties are 6.5% including Marketing Fees.

Franchise Transfer Fees is $20,000.

Additional Two-Units for sale.

Profitable.

No expenses spared on the state of the art build-out and design.

Full Management and Staff in place for seamless transition.

Newks is Regional chain offering a menu of salads, pizzas & sandwiches in a casual setting.

$1,170,000 build-out.

Priced at $900,000



Location

Country:

USA

State or Province:

GA

City:

Kennesaw

Location Zip or Postal Code:

30152

Listing Information

Service Type:

Sit-Down Table Service

Title of Listing:

Newk’s Eatery Kennesaw for Sale – $3.61M Sales – $403,000 Net Profit

Year Established:

2016

Number of Locations:

1

Number of Seats:

Less than 50

Size:

4,500, Square Feet

Number of Employees:

Less than 10

Links

Link to TripAdvisor Review Page:

https://www.tripadvisor.ca/Restaurant_Review-g60874-d12002261-Reviews-Newk_s_Eatery-Kennesaw_Georgia.html

Website:

https://locations.newks.com/newks-eatery-a97bf130c2af

Financial Details

Asking Price:

$900,000

Gross Revenue Range:

Under $500,000

EBITDA Range:

Under $100,000

SDE Range:

$100,000

Contact Listing Owner