Two Sandwich Shops for the Price of One in Atlanta's Midtown area

Atlanta, GA

Two Sandwich Shops for the Price of One in Atlanta's Midtown area


Midtown Atlanta Office Building Franchises / Cafes For Sale at a fraction of the cost to build new. Excellent business to work under forty hours per week. No holidays or weekends. This is a turn-key opportunity. Both café’s are wonderful opportunities to own a restaurant. Highly sought after locations. Open and operating ten and seven years respectively. Combined Sales have hit $1.5 million previously, and are currently on track to be approximately $750,000 each. Adding a catering manager to focus on catering sales can create excellent new sales areas. Required operating hours are breakfast and lunch, Monday thru Friday from 8AM to 3PM. Customers include business professionals, GA Tech, Google, Microsoft, and midtown businesses. The restaurants are up to date and have been well maintained. Kitchens have updated equipment, hoods, ovens, stoves, ice machines, grease traps, tiled floors, and the front of the house areas are clean, and have updated furniture, fixtures, and equipment. The outdoor patio areas have seating options and are maintained by the office building management. The POS system is new. Long-term management and staff are in place for an easy transition. Franchisor will train you to prepare fresh gourmet sandwich offerings. Training takes place in the Atlanta area *required fee for training. Total Rent, CAM, and real estate taxes in restaurant one is: $19.00 Sq Ft in restaurant one: 4095 New build-out cost for restaurant one would be close to one million. Lease expires in 2027 Total Rent, CAM, and real estate taxes in restaurant two is: $32.00 Sq Ft in Restaurant two: 2500 New build out cost for restaurant two would be close to $800,000. Lease expires in 2028 You get two restaurants with build-out value totaling over $1,800,000!



Location

Country:

USA

State or Province:

GA, AL

City:

Atlanta

Location Zip or Postal Code:

30305

Listing Information

Service Type:

Counter Service/Fast Casual

Title of Listing:

Two Sandwich Shops for the Price of One in Atlanta's Midtown area

Year Established:

2012

Number of Locations:

2

Number of Seats:

Less than 50

Size:

4000, Square Feet

Patio:

Yes

Number of Employees:

Less than 10

Hours of Operation:

Monday through Friday only 7AM-3PM

Growth or Expansion Opportunities:

yes

Reason for Selling:

Retirement

Owner Operated or Absentee Owner or Flexible:

Owner Operated

Links

Link to Facebook Page:

http://www.linkedin.com/in/cliffbramble

Website:

http://www.sellmorerestaurants.com

Financial Details

Asking Price:

$239,000.00

Gross Revenue:

750,000

Gross Revenue Range:

$500,000-$1,000,000

EBITDA (Earnings before Income, Taxes and Depreciation):

$50000

EBITDA Range:

Under $100,000

SDE Range:

$100,000

FF&E Value (Furniture Fixtures and Equipment) included in price:

Yes

Inventory Value included in price?:

Yes

Real Estate Owned or Leased:

Leased

Lease Term Remaining:

2 years plus one five year option

Total Monthly Rent:

$6833

Financial Comments (include any Financing information that may be useful):

The restaurants are operating at break-even. Once restaurant is an absentee owner and the other has the owner operating at about 30 hours per week. Both restaurants are in terrific condition, and offers the possibility for additional sales.

Contact Listing Owner