Bar for Sale earns $240,000 with Excellent Books! Lender Qualified!

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Asking Price:
$695,000

Gross Revenue:
$965,896
Cash Flow:
$240,253
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Earn nearly a quarter million dollars at this bar for sale is Atlanta. High cash flow based on nearly $1 million in sales and perfect books and records! Rare opportunity to acquire legacy location churning out this kind of cash flow.
Rotating weekly DJ's and food specials are part of the signature of this bar for sale right in Atlanta metro. We're not talking the suburbs! Non-stop weekly events and specials to keep the traffic coming and the numbers don't lie. This is ground zero for all the action! Sales last year of nearly one million on mostly drinks and limited food. The owner takes home nearly a cool quarter million on the books at location offered by We Sell Restaurants! Signature cocktails and rotating draft beers from local Atlanta breweries mixed with their unique bar bites make this this cash cow easy to run! Will not last!
Acquiring a bar for sale with SBA lending is practically unheard of but this one's ready to go and set for lending. Bring 20% down and get big earnings today! This prime location in the Atlanta metro among the hip eateries and nightlife keep the profits high and the traffic moving. This is a unique property as a bar for sale rarely has earnings on the books that qualify it for lending. Bring just 20% down and we have three years of books and records ready for approval by SBA lenders in under a week.
You can pack 150 thirsty patrons inside the 3600 square foot bar for sale space. Outdoor space seats another few dozen for the Atlanta seasons, which allow for outdoor dining and drinking, three seasons a year. Excellent long term lease is below market rent. Current lease rate is just $4809 per month including all CAMS, Taxes, and Insurance! There is a ten year lease in place. Two separate liquor licenses. It's no wonder they're printing money with their occupancy rate all in at only 5.87 percent of sales.
The current seller is ready for a lifestyle change and has a young family. Hours of operation are Monday through Saturday from 5 pm through 2:30 am. Closed every Sunday, this money making bar for sale is perfect for you!

About the Business

Year Established:
2013
Number of Employees:
7FT 5PT
Real Estate:
Leased
Building Sq. Ft.:
3,600
Rent:
$17,312,400.00 Per Month
Lease Expiration:
5/31/2022
Facilities:
Everything needed to fully operate this bar and grill
Website:
https://www.wesellrestaurants.com
Market Outlook/
Competition:
The Atlanta metro has the fifth largest population in the U S with 5 8 million residents and it is considered to be a top business city of the Southeastern U S
Growth & Expansion:
Fulton County s diverse economy and extensive transportation network make it an ideal commercial and industrial location Goods and people leaving Fulton County can reach 80 of the U S population in two hours
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About the Sale

Reason For Selling:
Relocation
Training/Support:
Negotiable

Listing Info

ID:
1481070
Ad Detail Views:
2343

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Business Listed by

Robin Gagnon

We Sell Restaurants
License# GA SL327379

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Cobb, DeKalb and Fulton Counties, GA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Cobb, DeKalb and Fulton Counties, GA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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