Restaurant Franchise In Bethlehem, GA!
Bethlehem, GA Barrow County
Bethlehem, GA
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- RE: Restaurant Franchise In Bethlehem, GA!
- Contact: Kavita Purohit
Quick Facts
| Asking Price: | $275,000 | |
| Annual Revenue: | $640,000 | |
| Net Profit: | $36,118 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2013 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 952946 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Yearly Net Sales were nearly $640,000 for 2023! Sales are increasing substantially month-to-month! At the current trajectory, net sales will hit at least $800,000 for 2024!
January 2024 Sales were over $57,000! $7,000 more than compared to January 2023 leading to an additional $4,000 in gross profit for January alone!
February 2024 generated $11,000 more in sales compared to February 2023! Another $6,300 in gross profit for February alone!
March 2024 generated $17,500 more in sales compared to March 2023 sales! Another $10,000 in gross profit for March alone!
Seller's Net Profit for 2023 was $36,000 after paying a Yearly Payroll of over $150,000 as well as rent, franchise royalties, and all other expenses! Huge opportunity for an Owner-Operator to take over operations and reduce payroll!
Seller provided $37,000 in discounts in 2023 to ramp up sales. The customer base has now solidified and such discounts are no longer necessary as sales are increasing without providing the same level of aggressive discounting.
Rent is ONLY $4,648 NNN including CAM per month with a total 15 years remaining on the lease! Rent increases by only 5% every 5 years! That is only a $232 rental increase starting in 2029! The lease security deposit is $4,888.
Franchise Royalty fee is only 5% plus 3.5% for local marketing! Franchise transfer fee is only $10,000! Franchise will train you for 2 weeks and Buyer does not need to travel for training!
Store requires reimaging and Sellers have started working on it. Buyer will need to pay approximately $60,000 in reimage costs.
Strip Mall Building was constructed in 2013!
The Restaurant is the strip mall's anchor tenant and has fantastic visibility from Hwy 316!
Extremely High Average traffic count of 31,900 vehicles on GA-316 passing by the business each day! Huge opportunity to draw in additional traffic!
Located right off Hwy 316 which is the corridor between Athens and Atlanta! Huge opportunity to capitalize on football season traffic between Atlanta and Athens!
Near the University of Georgia! 30 minutes from Athens, GA! 1 hour 10 minutes from Atlanta, GA!
Only a few miles from apartment complexes like Gateway at University, The Exchange Apartments, Farmington Hills, Winder Woods Apartments, and Rock Springs Apts.
Close proximity to mixed-income multifamily development consisting of 120 apartment homes and 10 townhomes and just 4 miles from a 60-home build-for-rent community of single-family houses and two big new residential project developments with 123 townhomes and 506 single-family homes!
Asking Price for Business-only: $275,000 plus inventory! Inventory is guesstimated to be roughly $5,000!
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Market Competition and Expansion:
Only a few miles from apartment complexes like Gateway at University, The Exchange Apartments, Farmington Hills, Winder Woods Apartments, and Rock Springs Apts.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Georgia businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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