Restaurant & Bar for Sale- High Traffic Location – Same Owner 10-Years – Below Market Attractive Pricing

Alpharetta-Johns Creek, AL Restaurant for sale:

Restaurant & Bar for Sale- High Traffic Location – Same Owner 10-Years – Below Market Attractive Pricing


#5037

Alpharetta-Johns Creek GA Restaurant & Bar for Sale.

Keep or Convert.

High Traffic Location.

Middle to very high incomes.

Same Owner 10-Years.

Profitable.

Great Books.

Loyal Staff.

2-Managers make $61,100 each are willing to stay with new Owner or leave if necessary.

2800/SF.

Seats 100.

18-Seat Bar.

40-Seat Outdoor Patio.

$6600 monthly rent all in.

Several years left on Lease.

Landlord will extend with an Option to Renew.

Books and Records will be provided upon request.

From Owner:

2021 Gross Sales $1,050,232 (note: $206,000 higher than 2020 Covid year)

2021 Net Income -$4,500 (with add-backs; personal add-backs like personal car-health insurance, dining out, owner salaries including Daughter (GM), loans, etc. Does not include PPP or any Covid Assistance in sales or profit).

2022 Gross Sales $1,118,742 (7 months annualized)

2022 Net Income $109,000 (7 months annualized; including add-backs and exclusions of PPP/Covid/loans)

Priced at $175,000



Location

Country:

USA

State or Province:

AL

City:

Alpharetta-Johns Creek

Location Zip or Postal Code:

30022

Listing Information

Service Type:

Sit-Down Table Service

Title of Listing:

Restaurant & Bar for Sale- High Traffic Location – Same Owner 10-Years – Below Market Attractive Pricing

Number of Locations:

1

Number of Seats:

51-150

Size:

2800, Square Feet

Patio:

Yes

Number of Employees:

Less than 10

Financial Details

Asking Price:

$175,000

Gross Revenue Range:

Under $500,000

EBITDA Range:

Under $100,000

SDE Range:

$100,000

Total Monthly Rent:

$6600

Contact Listing Owner