Cumming GA Casual Italian Restaurant & Pizzeria for Sale w/Full Pouring License
Cumming GA Casual Italian Restaurant & Pizzeria for Sale w/Full Pouring License
#5051 Cumming GA Casual Italian Restaurant & Pizzeria for Sale Well established. Nationally anchored shopping center. 2022 Sales and Profit are higher than 2021. 2021 Net Profit-Owner Salaries $650,000 after all expenses. 2021 Gross Sales $3,341,66. 2020 was only down 3% but 2021 was incredible. The rent is $7300 monthly all in. Ten-year lease. 5-year option to renew. SBA Friendly. Great Books. Fully Staffed with almost 70 on the payroll. Easy to Run. Loyal Staff, Management Team, and Executive Chef guarantee flawless transition. The owner will stay on to train the Buyer at no additional cost. The owner only spends about 30-35 hours a week at the restaurant making this almost absentee. 3500/SF. Seating for 175. Big outdoor patio seats 50. Brand new HVAC. Clean and efficient kitchen. Priced at $3,250,000
Location
Country: | USA |
State or Province: | GA |
City: | Cumming |
Location Zip or Postal Code: | 30040 |
Listing Information
Service Type: | Sit-Down Table Service |
Title of Listing: | Cumming GA Casual Italian Restaurant & Pizzeria for Sale w/Full Pouring License |
Number of Locations: | 1 |
Number of Seats: | Over 150 |
Size: | 3500, Square Feet |
Patio: | Yes |
Number of Employees: | Less than 10 |
Financial Details
Asking Price: | $3,250,000 |
Gross Revenue Range: | Under $500,000 |
EBITDA Range: | Under $100,000 |
SDE Range: | $100,000 |
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