Cafe, Bar & Lounge-Unique Concept-Strong Growth Potential

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Asking Price:
$250,000

Gross Revenue:
$167,226
Cash Flow:
$88,518
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$3,500
included in asking price

FF&E:
$140,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This is a unique intimate, modern lounge offering cocktails, beer and a light food menu in a low-lit, chill setting. Live entertainment is also featured in the form of a DJ and Jazz Bands. The location is excellent as it is near several residential communities and a high concentration of businesses. And, there are no other restaurants or bars in the area that offer a similar combination of food, drink and entertainment. The business appeals to the local adult population in every age group.

About the Business

Location:
Cobb County, Georgia
Year Established:
2017
Number of Employees:
1 FT/3 PT
Facilities:
The property is leased and the furnishings, fixtures and leasehold improvements are in excellent condition since the business opened in July, 2017. The owner paid for a complete build-out of the building as the building was mostly an empty shell. Plumbing and electrical wiring had to be installed. And, the HVAC system required major repairs. The combination of seating, lighting and other furnishings create a very relaxing and comfortable environment. The building is a 2-story structure with 3,300 sq. ft. on each floor. Currently, the second floor is not being used, so there is plenty of extra space for expansion.
Growth & Expansion:
Growth potential is outstanding. The business has been open since July, 2017 and the owner has had limited time to devote to the business due to another business commitment and increased family responsibilities. Marketing and advertising could be increased. Food service and the menu could be expanded, as well as the hours of operation. Lunch could be offered as the location is near several local businesses and residential communities. More local business functions could be hosted. And, with 3,000 sq. ft. of unused space, several possibilities exist for growth and much larger events could be hosted.
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About the Sale

Reason For Selling:
Does not have the time to devote to the business to grow it.
Training/Support:
Will train for 4 weeks @ $0 cost.
The Buyer would need to have experience managing a small food service business and/or a bar.

Listing Info

ID:
1611121
Ad Detail Views:
0

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Business Listed by

Greg Younts

Murphy Business & Financial Corporation
License# 333635

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U.S. Census Data for Cobb County, GA
Age

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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 County, GA
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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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