ATLANTA, Georgia
| Asking Price |
$3,500,000 |
Year Established |
|
|
| Annual Revenue |
$1,936,041 |
Reason for Selling |
Absentee owner. |
|
| Annual P/L |
|
Attention |
Steve Josovitz |
|
| Annual Cash Flow |
$997,475 |
Listing Number |
947060 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
Buckhead Village Atlanta GA Bar for Sale – $1M Net Profit – Great Below Market Lease – Owner Financing – Absentee Owner
8,000/SF.
Multiple Bars.
Capacity up to 700.
Outdoor Venue.
$2M build out.
Well Established.
Incredible Staff in place.
Absentee Owner.
2023 Gross Sales $1,936,041.15.
2023 Net Profit including Owner Salary and Add-Backs was $997,475.63.
Books and records.
Monthly rent at $20,000 All-In.
Ten-Year Lease.
5-Year Option to Renew.
Keep or Convert.
$3,500,000 with Owner financing options.
Property Features and Assets:
<p>8,000/SF.<br>Multiple Bars.<br>Capacity up to 700.<br>Outdoor Venue.<br>$2M build out.<br><br>Well Established.<br>Incredible Staff in place.<br>Absentee Owner.<br></p><p>Monthly rent at $20,000 All-In.<br>Ten-Year Lease.<br>5-Year Option to Renew.<br></p>
Market Competition and Expansion:
<p>Keep or convert.</p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity