3 Unit NE GA Group
Location: Georgia > Fulton County > Elberton,Hartwell & Danielsville
Industry: Food and Beverage > Restaurants
Financials
Asking Price: $775,000
Gross Revenue: $1,171,306
Cash Flow: $144,581
Real Estate: $425,000 (Included in Asking Price)
Business Summary
This fantastic deal awaits the savvy operator looking to acquire 3 very stable and profitable restaurants. Two units operating in 2006 produced $110K cash flow on sales of $947K. The 3rd unit opened in the fall of 2007. Sales for 3 units for 2007 were $1,171K with $144K cash flow. 2008 sales are even stronger with projected sales of $1,457K and cash flow of $175K+. The asking price of $775K includes land and building for one unit (appraised 8/08 at $425K and equipment valued at approx. $70K). Very desirable rent factors on the other two units. Franchise approval and training will be necessary. This business has been SBA lender approved. The loan process has already been completed for a qualified buyer. Staff and management are in place and ready for a new owner to help drive sales and increase profits further!
About the Business
Year Established: 2005
Employees: 15 full time - 15 part time
Franchise: Yes
About the Sale
Management Training and Support: 2 Weeks Corporate Training
Reason For Selling: Other Ventures
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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