North Fulton Wood-Burning Italian restaurant & bar in prime location $200,000

Asking Price $200,000 SDCF N/A
Gross Revenue $1,000,000 Inventory $10,000
EBITDS N/A Established 2014
FF&E $200,000

Business Description :

Business Description

The space, design and equipment would be the envy of almost any Chef. The space currently has an elegant look and feel with top-notch finishes. This is the ideal setup for Inventive food & craft cocktails, over 300k in furniture, fixtures and equipment including a Renato wood burning oven, Blodgett premium convection oven, Emery Thompson Gelato machine, walk-in cooler, infrared heating system for the patio, large bar with seating for over 30 patrons, 8 beer tap system and the largest collection of Bourbon in the state. All equipment is in excellent condition. Sales could be easily increased with an owner operator…
Over a million dollar was spent to build this establishment
This is a must see for any Chef or a restaurant savvy investor.
Current concept is casual Neapolitan Italian, business grossed over a $1,200,000 for 2016 for an absentee owner; an owner operator can capitalize on the growth North Fulton has been seeing.
Very favorable lease with 4 years left and a five (5) years option to renew, gross monthly lease currently is $6010 including all the extras.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
19
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3,000+/- sqf with an outstanding patio that has a misting system, cooled and heated with infrared heating system. seating for over 60 outside, 65+ inside and 30 seats at the bar.
Competition:
Plenty of parking. Well developed area with average household income exceeding $100,000. Total turnkey. Fully equipped and well decorated.
Growth & Expansion:
This business can be bought and run as is or the new owner can focus on it full time which will increase the rate at which the business is currently growing. New mix used developments, office buildings and new city hall across the street will tremendously affect the business in a very positive way, new owner can open 7 days a week as this business only operates 5 days a week.
Support & Training:
One week by management and seller for a smooth transition.
Reason for Selling:
Other interest