Restaurant Bar For Sale in Johns Creek, GA Generates Strong Six Figure

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You will truly appreciate the venue and location selling at less than 2 times ea
Asking Price:
$199,900

Gross Revenue:
$792,451
Cash Flow:
$177,648
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Highly profitable restaurant bar for sale in Johns Creek, Georgia. Over $700,000 in net revenue and growing, and more than $160,000 in reported owner benefit. Verifiable books and records. See this terrific business. You will truly appreciate the venue and location selling at less than 2 times earnings. Won't last!
The decor, layout, and energy of this restaurant bar for sale are captivating and sure to make this listing a quick sale. 2017 average monthly sales were over $60,000. For the first several months of 2018, average monthly sales exceeded $70,000 and monthly owner benefit close to $20,000.
Amazing, Tex-Mex themed location offered by We Sell Restaurants is less than three years young and can seat over 120 inside and an additional 60 on the beautiful outdoor patio. Terrific food, lively crowd, and live music are just some of the attractions. Yelpers say the atmosphere, food, drink specials, and entertainment make it "the place to be" for a night out in Alpharetta or John's Creek.
You would think that a 4,000-plus square foot restaurant bar for sale with a huge patio in the middle of John's Creek would command a monthly lease rate close to ten thousand per month...but this lease, including CAMS, is only $5500 per month. Even better, the current owners negotiated multiple renewal periods for you to take advantage of. The current rate of around $16 per square foot allows plenty of room for profit at this business.
Success at this restaurant bar for sale is due to the great atmosphere catering to both families and the nightlife crowd. The fare is a mixture of authentic Mexican cuisine and American favorites, so there is something for everyone. Located by the intersection of two well-traveled roads and situated in John's Creek with high average median family incomes, the location is perfect for so many guests. A continued campaign of daily specials keeps customers coming back again and again to this unique and well-reviewed location.
The owner is working on a new business initiative, so he has this profitable restaurant bar for sale priced to move.

About the Business

Year Established:
2015
Number of Employees:
25
Real Estate:
Leased
Rent:
$1.36 Per Square Foot Per Month
Lease Expiration:
7/1/2035
Facilities:
All other kitchen equipment excluding dishwashers rented including 8 Burner Imperial Stove Double Ovens Fryers Griddles Refrigerators Freezers Prep Tables Stainless Shelving and racks Ice Maker Warming Bins All interior tables chairs and high tops All outside tables chairs and umbrellas Bar All decor All TV s All Small-wares All Cookware All Serve-ware POS systems Security Systems Sound Systems
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
One of few places with Live Music Convenient Location Below Market Rent
Growth & Expansion:
Increase Marketing Plenty of Parking Other Restaurants and Retail expanding in the area
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About the Sale

Reason For Selling:
Other
Training/Support:
yes

Listing Info

ID:
1525339
Ad Detail Views:
502

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Business Listed by

Steve Weinbaum

We Sell Restaurants
License# GA SL 365512

 Show Phone Number

View My 38 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Fulton and Gwinnett 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 Fulton and Gwinnett 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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