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#4413
Atlanta Restaurants For Sale

Upscale Restaurant Offered - Suburban Atlanta Location

$390,000
Upscale Restaurant Offered - Suburban Atlanta Location
This Listing is Expired

To See This Restaurant Please Select the Golden Button to the Left "Get Name/Address."

Nutshell Facts of the Business:
Concept: upscale American and Mediterranean cuisine
Sales (last 12 months): approx. $1,000,000 gross; this has been growing steadily since the restaurant opened.
Years in Business: opened in 2010
Seating Capacity: 150 (upstairs)     150 (downstairs Speakeasy )
Lease: At $5,500/month all-inclusive, rent is very competitive for this nicely proportioned, well-equipped space. Five years remain on the lease.
Leasehold: The main level is about 5,000 sqft. The special event facility (The “Speakeasy”) on the lower level adds about another 5,000 sqft.
License: full service liquor, wine and beer
Location: suburban Atlanta; near Mall of Georgia.
Funding: Owner may consider carrying part of the sale price for a qualified buyer
Hours of Operation: open for dinner 5:00 to 10:00 (closed Sunday)
Reason for Selling: Owner is retiring to travel

A cleverly conceived and popular spot, years in the planning, has been open for business for five years and has become well established with a cadre of loyal customers. The owner, with experience owning and operating several other fine dining venues has it tuned just right.

Points to Consider:
    ◘  time-honored upscale concept coupled with a popular piano bar has made this  a “regional destination” restaurant

    ◘  top-of-the-line equipment and furnishings are nearly new (wall hangings do NOT convey)

    ◘  meats and vegetables arrive fresh daily; even the bread and rolls are baked right on the premises

    ◘  despite the rather hectic pace of preparation and service, the business has experienced little staff turnover in the key positions

    ◘ dinner-only format may give Owner the opportunity to enjoy other facets of living OR create another strong revenue stream for the new owner . . .

    ◘ the large, open kitchen is fully equipped to efficiently serve a varied menu

    ◘ catering is offered

    ◘ owner will stay an appropriate period to thoroughly train

In summary, Owner’s carefully crafted vision, based on successful experience, is now a beautiful, professionally designed turnkey reality. The necessary licenses and permits are already in place. 

The risk of the initial financial investment and hard work requisite to success has all been done for you.

The acclaimed menu (with many recipes unique to the restaurant) is set. The staff is hand-picked and well-trained.

This business is consistently profitable and is now presented here to you - properly priced to sell; could this perhaps finally be the unique life-defining opportunity you have long been seeking?
.

This is a Sunbeam Business Brokers, Inc. listing.
Broker Don Clark

Lease

Region:
Atlanta Restaurants For Sale
Lease Term:
expires in 2020
Total Monthly Rent:
$5,500

Financials

Last Year's Annual Gross:
$1,000,000
Last Year's Owner's Cash Flow:
$125,000

Operations

Liquor License:
full
# of Full-Time Employees:
13
# of Part-Time Employees:
6
# of Working Owners:
1
Hours Open:
dinner: 5:00 to 10:00
The SpeakEasy (lower level; 150 additional seats) is open Friday and Saturday - and private bookings

Restaurant is closed Sunday
Year Established:
2010
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
150
Inside Sq. Ft.:
10,000

Highlights

  • fine dining
  • mediterranean
  • American
  • elegant
  • popular
  • full service
  • ambiance
  • suburban Atlanta
  • comfortable
  • established
  • upscale
  • relaxed

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
25%

Demographics

Population 5-mi
2014 Total Population 50,468
Households 5-mi
2010 Number Of Households 15,468
2010 Persons Per Household 2.91
Median House Value $175,200
Income Per Household $63,843
Businesses 5-mi
2009 Number Of Businesses 1,376
2012 Number Of Employees 31,450
2012 Total Annual Payroll $593,161,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Donald Clark ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, foreward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.


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