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Italian Restaurant/Pizzeria/ Rental Properties & Acreage

Mixed use income property consisting of 3 residential Houses, one apartment unit and 2 restaurants on a The property sits on a 2.89-acre.
The main restaurant is a 3,370 sf+/- fully operational Italian establishment with a full kitchen, full bar, currently offers dinner only 3 nights per week with a huge demand for more dinners and lunches. The restaurant grossed over $646,000 for 10 months in 2021 with the seller profiting over $247,000.

The second restaurant is a 4,000 sf +/- pizzeria that is fully operational and equipped with a full kitchen, walk-in cooler and freezer, full bar, a $30,000 new brick pizza oven and all the furniture, fixtures and equipment. The owners decided to not reopen the restaurant after Covid with the shortage of staff and new owners can easily have the restaurant back up and running within days of taking over.

The residential rentals can gross over $3,400 per month between the 2 houses and the one apartment (as they did pre Covid) and once the third house is cleaned and finished, can add another $1,200 monthly to the rental income.

Current owners have invested over 250K in the past few years on improvements to the property and business with a 100k spent on the oversized-gravel parking lot that can park over 100 cars. HUGE outdoor dining and entertainment area!

The property site benefits from good locational characteristics for commercial/retail uses and has good access and visibility from both directions on US Highway 76 and the owner has several signs on this highway advertising the restaurants.

Fannin County, Georgia, Including the cities of Blue Ridge, McCaysville, and Morganton, Georgia.
Located just 90 miles north of Atlanta via I-575, Fannin County is Georgia’s gateway to the Blue Ridge Mountains, the southern tip of the Appalachians. It is located on the Tennessee, North Carolina.

This business is being marketed with the utmost confidentiality and a signed non-disclosure agreement (NDA) and proof of funds are required in order to discuss additional details as there are tenured employees who have been part of the team for a long time.

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.

Asking Price: $1,500,000
Gross Revenue: $646,100
SDE: $247,129
FF&E: $250,000