Country:

USA

State or Province:

GA

City:

Young Harris

Location Zip or Postal Code:

30582

Service Type:

Sit-Down Table Service, Catering, Liquor Primary

Title of Listing:

Small Restaurant in beautiful tourist destination

Year Established:

2017

Number of Locations:

1

Number of Seats:

Less than 50

Size:

1800, Square Feet

Patio:

Yes

Number of Employees:

Less than 10

Hours of Operation:

Tuesday - Saturday 5:00pm-10:00pm

Growth or Expansion Opportunities:

Yes! Stellar reputation on social media and magazine write-up

Reason for Selling:

Relocating to Memphis

Owner Operated or Absentee Owner or Flexible:

Owner Operated

Training Provided:

Yes

Link to Facebook Page:

@Restaurant Lorene

Link to TripAdvisor Review Page:

Restaurant Lorene search

Website:

Open table & social media; website not needed

Asking Price:

$60,000

Gross Revenue Range:

Under $500,000

EBITDA (Earnings before Income, Taxes and Depreciation):

$300,000

EBITDA Range:

$100,000-$300,000

SDE (Sellers Discretionary Earnings):

$60,000

SDE Range:

$100,000

FF&E Value (Furniture Fixtures and Equipment):

100,000

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

Yes

Inventory Estimated Value:

$10,0””

Inventory Value included in price?:

Yes

Asset or Share Sale:

Flexible

Real Estate Owned or Leased:

Leased

Lease Term Remaining:

18 months

Total Monthly Rent:

$1,100

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

Low operating costs, stellar reputation, turn key operation, great decor, full bar, top of the line equipment including ice machines, kitchen equipment, etc. economical advertising options. Great location- directly across from college and beautiful lakes and mountains.