Tavern and Meeting Space w/ Great Upside Potential

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Tavern and Meeting Space w/ Great Upside Potential
Asking Price:
$125,000

Gross Revenue:
$833,000
Cash Flow:
 Not Disclosed
EBITDA:
$137,000
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Price Reduced - Price open to negotiations - Seller Motivated. Opportunity to own a well established, long term restaurant located in Norcross, Georgia. Steady income from the restaurant and from the huge meeting space in the back; there is a huge room in the front of the restaurant currently not used and the meeting space in the back is extremely under utilized and could be converted into expanding the restaurant or advertised better for more bookings.

Easy business to learn, operate and maintain.

Ample parking, great street visibility and has high (4-4.5 star) ratings on Facebook, TripAdvisor and Google.

About the Business

Real Estate:
Leased
Building Sq. Ft.:
8,792
Lease Rate/Sq. Ft./Yr.:
$9.66
Lease Expiration:
2/28/2025
Growth & Expansion:
The meeting space located in the back is currently underutilized and could be converted into expanding the sitting area or booked for different purposes.
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About the Sale

Reason For Selling:
Seller is moving out of area
Training/Support:
Seller will provide 2 weeks on-site training

Listing Info

ID:
1525988
Ad Detail Views:
833

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Business Listed by

Tim Hur

Point Honors and Associates, Realtors
License# 299688

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U.S. Census Data for Gwinnett County, GA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Gwinnett 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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