Business Broker.Net | Connecting Business Buyers and Sellers

Asking Price:	$1,599,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling:	Retirement
Year Established:	2005
# of Employees:	10
Yearly Revenues:	$437,000
Yearly Net Profit:	$50,000

Business for Sale Overview:

Serving Atlanta's east metro area since 1985 in a classic 1830s Victorian home. This restaurant is known by many as a landmark diners enjoy pasta dishes, seafood, steaks and veal in elegant surroundings. The restaurant offers private rooms for banquets, weddings and parties. Smart operator has grown sales and presence in the community with Wine Tasting Events, Weekly Specials and Performances, giving diners a reason to come for a special occasion and return for something new. Opportunity to expand with even more catering and special events. The restaurant consistently wins "Readers' Choice" awards for being the best Italian and special-occasion restaurant in the area, and Southern Living Magazine named this one their "choice for dinner." The Victorian house that this restaurant calls home was once a 14-room private residence. Private Dining Rooms, Private Parties, Bridal Showers and Baby Showers keep this beautifully decorated restaurant full for special events as well as dining. Sales last year of $437,000 netted a return to the owner of $53,832. Price includes real estate for 14-room restaurant outfitted for traditional table and bar service along with space for private parties.

Property Features and Assets:

Real estate valued at $1.7 million in recent appraisal. This exquisite space will handle up to 130 people. Multiple use facility is perfect to keep as is or convert to bed and breakfast, office space or many other opportunities.

Market Competition and Expansion:

Priced Below Appraised Value For Real Estate Only With Profitable Restaurant At: $1,599,000.

Additional Details:

• The property is owned.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.