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North Atlanta Suburban Restaurant & Bar Fully Equipped Turnkey!

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Milton, Georgia (Fulton Co.)   |  Food and Beverage Businesses for Sale – Other Food and Beverage Businesses for Sale

Business Description

This full service upscale casual restaurant and bar is fully equipped and turn key. Great location with super visibility on very hi trafficked road within very dense area with middle to hi income families. Great lunch market adds to seven day location surrounded by offices, homes, apartments, retail, and homes. Space is 6,000/sf and seats 150 in main dining room with bar seating for 20. Within bar area are beautiful banquets seating an additional 54 seats. Large outdoor sunny patio seats 50. Long term lease at $4,000 plus extras at $865 per month. Over $300,000 spent recently outfitting restaurant and renovations that include POS System, big kitchen, 7ft4ft wood fire grill, 16ft hoods, prep kitchen with 8ft hood, walk in boxes, all hardwood floors, private dining room seating 50, modern lighting and new $14,000 sign just to name a few features. Current concept is breaking even on sales of under a million dollars after paying all expenses and Chef $60,000 and Manager $30,000. Partner split forces sale along with time constraint of other restaurant owned by operating Partner. A new concept needs to happen here with incredible potential with some hands on ownership. This space is ideal for any chef driven concept, sports bar, bistro, BBQ, Mexican, Asian, Italian, pizzeria, or keep as is.
Priced at 200,000. Owner will look at all offers and will consider owner financing.

About the Business

Facilities:
Space is 6,000/sf and seats 150 in main dining room with bar seating for 20. Within bar area are beautiful banquets seating an additional 54 seats. Large outdoor sunny patio seats 50. Long term lease at $4,000 plus extras at $865 per month. Over $300,000 spent recently outfitting restaurant and renovations that include POS System, big kitchen, 7ft4ft wood fire grill, 16ft hoods, prep kitchen with 8ft hood, walk in boxes, all hardwood floors, private dining room seating 50, modern lighting and new $14,000 sign just to name a few features.
Market Outlook/
Competition:

About the Sale

Reason For Selling:
Partner split
Training/Support:
1 week
Seller Financing:
negotiable

Listing Info

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BizQuest Listing ID:
1100473
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1302
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Business Listed by
Steven Josovitz
The Shumacher Group, Inc.
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U.S. Census Data for Fulton County, GA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Fulton County, GA
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Source: American Community Survey (2010-2014), United States Census Bureau.

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