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Owner Ready Property Included Great Steakhouse
Location Georgia,United States
Asking Price Range $500K - $1.0M
Gross Revenues $187500
Net Profit / Cash Flow $62000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1972
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Owned
Training During transition if it will help.
Reason for Sale Retiring (wore out).
Description I have owned this business for twelve years. It has been good to me. Now it is someone else's (the right persons) turn.
This SteakHouse has been an ongoing operation since 1972, a very proven track record. I am one of those hands on (working boss) type, and the routine is beginning to wear. I am hoping someone who has experience in this type restaurant will step forward, bring some fresh ideas (a good thing). It is operating non alcoholic but is permitted in the area. We offer a good variety, but several things could enhance the menu. I am doing all I care to do. It is located in a rural small town that is experiencing tremendous growth. A subdivision is in the planning stages less than a mile from this location, suppose to be high end homes. Another has broken ground reports say will have a ttl of 10K homes. The WalMart opened last year and is drawing more ppl into the town for shopping and relocation. I have been offering this (to interested parties) for the market value. Using a formula that most brokerage companies use puts it at around $650K If you can bring financing, I will discount that price. Come look, If you like it Make an offer. You might get it.
It is located in NW GA projections are that this area will be part of the Atlanta Metro area within a few years. It has already lost (in my eyes) its Mayberry appeal I think you will be pleasantly surprised with the condition. It is very clean and presents itself well. I think a minor facelift is in order. Has had the same look for several years. I am offering it without the decore for that reason. If you like all or part of the decore I will price it to you. There are some very high dollar things on display. I will contact you threw an anonymous email address RestaurantSaleGa You will deal with me, so don't let that scare you. Give it your consideration. Thanks for your interest.
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