Downtown Atlanta GA Restaurant & Bar for Sale – Net Profit Almost $1M – Freestanding
Downtown Atlanta GA Restaurant & Bar for Sale – Net Profit Almost $1M – Freestanding
#5032 Downtown Atlanta GA Restaurant & Bar for Sale. Freestanding Net Almost $1M. Clean Books. Freestanding 6150/SF. Size: Down bar 14 seats Down Restaurant table seating for approx 80 Outside 6 tables/ 24 seats (this could be expanded) Upstairs bar 14 seats Upstairs restaurant 11 tables/46 seats Upstairs patio 4 tables/ 16 seats Private events upstairs with 125+ in cocktail setup Full buyout events for 300-400 people in a cocktail setup Hot Location. 50/50 Food to Alcohol Mix Well Established. SBA Friendly Rent is $11468.50 Rent per month. Real Estate annual taxes $22,081 $6239 Insurance paid to Landlord paid annually. $2794 Solid waste tax bill paid annually. $6239 Insurance paid to Landlord paid annually. Gross Sales/Net Profit 2018- $2.39 $668,000 2019 $3.29 / $719,000 2020 $1.03 / 190,000 2021 3,295/$822,000. Comments: GM salary – $74,000 KM – $42,000 Utilities $24,000 Staff breakdown: 8 Kitchen/ 5 BOH / 10 FOH/ 4 Managers (who also sometimes Bartend) No long-term debt. No assumable loans Reason for sale: Owners Transitioning to our property management real estate business Priced at $2,400,000.
Location
Country: | USA |
State or Province: | GA |
City: | Downtown Atlanta |
Location Zip or Postal Code: | 30303 |
Listing Information
Service Type: | Sit-Down Table Service |
Title of Listing: | Downtown Atlanta GA Restaurant & Bar for Sale – Net Profit Almost $1M – Freestanding |
Size: | 6150, Square Feet |
Patio: | Yes |
Financial Details
Asking Price: | $2,400,000 |
Contact Listing Owner
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