Established Stand Alone Restaurant And Bar In Newnan $340,000

Asking Price N/A SDCF N/A
Gross Revenue N/A Inventory N/A
EBITDS N/A Established N/A
FF&E N/A

Business Description :

Business Description

The mission of this restaurant (Bar and Grill) is to bring high quality food: steaks, seafood, sandwiches, pasta, tacos), wine, beer menu that everyone cold enjoy in a relaxed environment. It provides chef driven menu items that keeps locals coming back on a weekly basis. This restaurant currently can also host private events and has catering options. It has been profitably operating since spring of 2015.

It is located on a very busy road, right in the center of fast growing Newnan, GA, which is located in a close proximity to Atlanta. Actual restaurant is about 3,000 sq. feet with a large patio. It sits on an acre of land with plenty of parking. Seating for over 100 people inside is available and it can seat about 50 people in outdoor covered patio. Management office and kitchen are also located inside of the restaurant.

Lease is currently in place with two (2) years remaining and renewal options are available. Occupancy/rent costs are $5,000 per month, and include taxes and insurance costs. 2017 sales were $1,068,580 with the owner netting around $170,000. Asking price for this establishment is $340,000 that includes an inventory, which is estimated at $25,000.

It is highly customer rated. Here is just a few customer reviews:

“Good food, adequate parking, excellent service, and reasonably priced.”

“New to the area and by far the best sit-down meal my family and I have eaten.”

“Cool atmosphere, friendly staff, delicious food and great music. Highly recommend!”

Detailed Information

Inventory: Included in asking price

Real Estate: Leased

Building SF: ~3,000

Lease Expiration: N/A

Employees: 15

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: ~3,000 square feet; self-standing building in over an acre of land; plenty of parking and a huge covered patio.

Financing: No seller financing available.

Support & Training: 2 weeks by the seller and manager

Reason for Selling: Other interest