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Restaurant Bar For Sale in Johns Creek, GA Generates Strong Six Figure

Johns Creek, GA (Fulton County)

We Sell Restaurants - Georgia Restaurant Brokers
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Asking Price: $199,900

Cash Flow: $183,237

Gross Revenue: $812,465

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,615.22 /Month

Established: 2015

Restaurant Bar For Sale in Johns Creek, GA Generates Strong Six Figure

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Business Description

You will truly appreciate the venue and location selling at less than 2 times ea

Highly profitable restaurant bar for sale in Johns Creek, Georgia. Over $700,000 in net revenue and growing, and more than $160,000 in reported owner benefit. Verifiable books and records. See this terrific business. You will truly appreciate the venue and location selling at less than 2 times earnings. Won't last!
The decor, layout, and energy of this restaurant bar for sale are captivating and sure to make this listing a quick sale. 2017 average monthly sales were over $60,000. For the first several months of 2018, average monthly sales exceeded $70,000 and monthly owner benefit close to $20,000.
Amazing, Tex-Mex themed location offered by We Sell Restaurants is less than three years young and can seat over 120 inside and an additional 60 on the beautiful outdoor patio. Terrific food, lively crowd, and live music are just some of the attractions. Yelpers say the atmosphere, food, drink specials, and entertainment make it "the place to be" for a night out in Alpharetta or John's Creek.
You would think that a 4,000-plus square foot restaurant bar for sale with a huge patio in the middle of John's Creek would command a monthly lease rate close to ten thousand per month...but this lease, including CAMS, is only $5500 per month. Even better, the current owners negotiated multiple renewal periods for you to take advantage of. The current rate of around $16 per square foot allows plenty of room for profit at this business.
Success at this restaurant bar for sale is due to the great atmosphere catering to both families and the nightlife crowd. The fare is a mixture of authentic Mexican cuisine and American favorites, so there is something for everyone. Located by the intersection of two well-traveled roads and situated in John's Creek with high average median family incomes, the location is perfect for so many guests. A continued campaign of daily specials keeps customers coming back again and again to this unique and well-reviewed location.
The owner is working on a new business initiative, so he has this profitable restaurant bar for sale priced to move.

Detailed Information

Location:
Johns Creek, GA
Real Estate:
Leased
Building SF:
4,069
Lease Expiration:
9/30/2021
Employees:
25
Facilities:
All other kitchen equipment excluding dishwashers including 8 Burner Imperial Stove Double Ovens Fryers Griddles Refrigerators and Freezers Prep Tables Stainless Shelving and racks Ice Maker Warming Bins All interior tables chairs and high tops All outside tables chairs and umbrellas Bar All decor All TVs All Smallwares All Cookware All Serveware POS systems Security Systems Sound Systems
Competition:
One of few places with Live Music Convenient Location Below Market Rent
Growth & Expansion:
Increase Marketing Plenty of Parking Other Restaurants and Retail expanding in the area
Support & Training:
yes
Reason for Selling:
Other
Business Website:
http://www.wesellrestaurants.com
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Steve Weinbaum

Business Listed By:
Steve Weinbaum

We Sell Restaurants

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Sponsoring Broker:
Eric Gagnon

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