Turn-key Restaurant in Coastal Georgia

Asking Price$295,000

Cash Flow
$115,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$778,000

Inventory$20,000
Included in asking price
FF&E$157,000
Included in asking price
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Turn-key Restaurant in Coastal Georgia


Asking Price$295,000

Cash Flow
$115,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$778,000

Inventory$20,000
Included in asking price
FF&E$157,000
Included in asking price
Business Description
Profitable and established restaurant with trained staff conveniently located on Hwy 144 in Richmond Hill. Richmond Hill, Georgia, is a rapidly growing community located in one of the fastest-growing counties in Georgia.

The business is currently operating as an Italian restaurant with a profit-making menu and operations already in place for a new owner with an established long-term lease. Lease renews in 2028 for an additional five years. However, it could easily be rebranded into your concept. The "pastabilities" are endless. The business is currently only open for dinner service five nights a week, new owners may want to expand current business hours to generate more revenue.

Equipment and systems in place make it truly a turn-key business. Two hood systems for the pizza oven and cook line. New walk-in less than 2 years old, new HVAC, new storage unit 12x20 for dry storage, new electrical wiring throughout building and air-conditioned storage unit, mostly new equipment, including used but rebuilt double deck Lincoln Impinger pizza oven if new owners want to do pizza. Pizza oven retails for $53,000 on Webstaurant. Pizza equipment, including boxes and coolers in storage for pizza operation.

New POS equipment, restaurant fully equipped with everything needed to start making money on day one. Easy to operate, but training and support are available if needed. Current owners are looking to downsize due to personal reasons. Would like to retire. Perfect for chef owner/ operator situation. Owner profits $120,000 yr.
About the Business
Years in Operation
4
Market Outlook / Competition
Conveniently located on Hwy 144. Richmond Hill has steady population growth.
Opportunities for Growth
Potential growth in sales with changes in operations such as: New owners could expand operations to include pizza, delivery, lunch, in addition to being open 7 days a week instead of the current hours of operation of 5 days a week for dinner service.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,400
Rent
$1,900.00 per month
Lease Expiration
2/29/2028
About the Sale
Seller Motivation
Personal reasons- downsizing and retirement
Transition Support
Owners are local; willing to train & provide support to new owners in the transition. Well versed in mixology, bar costing, menu costing, staff development, training, POS set-up, marketing, recipe and menu development, equipment set-up, etc. Owner is also a Servsafe instructor and proctor, and certified hood cleaner.
Listing Info
ID
2191945
Listing Views
3223

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Business Listed by: MATTIE WRIGHT

Listing ID: 2191945 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. See our full Terms of Use. Learn how to avoid scams.