Business Description
This Restaurant for sale is a rare opportunity to get into the historic downtown Duluth (Parsons Alley Development) restaurant and boutique area. The stellar location is prime to upgrade existing concept or bring your dream to reality in a fantastic location that was built in 2018 with a new patio, bar, and kitchen that has nothing but new equipment that includes an imported custom-made Italian oven ($75,000) and so much more.
The downtown Duluth district is one of the hottest restaurant’s scenes in Metro Atlanta and it’s very rare when an opportunity like this comes to the market. Heavy foot traffic along with many festivals in front and center with ample outdoor seating.
The current concept is casual modern American cuisine with a touch of southern flare, small plates, and custom pizzas in addition to the full bar. The owner is absentee as they are focused on other concepts in another town, the restaurant has limited hours of operation (5-9 weekdays and 11-10 on weekends)
Professional staff in place, easy operation to manage.The business grossed $1,161,303 with a net profit of $118,000 and owner’s salary of $52,000.
PROOF OF FUNDS AND SIGNED NDA MUST BE RECEIVED PRIOR TO DISCLOSING ANY FURTHER INFORMATION. THIS IS AN OPERATING BUSINESS; PLEASE REFRAIN FROM SPEAKING TO STAFF OR MANAGEMENT.
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please call us to discover the difference that is. 678-777-0147
Asking Price: $325,000
$160,000
SDCF:
Gross Revenue: $1,161,303
SDE: $160,000
Inventory: $5,000
FF&E: $150,000