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Asset Sale offered by We Sell Restaurants. This property has a dramatic huge oak bar and wooden floors and is perfect for any high alcohol concept. Multiple bars, sound system, small stage, full audio package for both floors, outdoor seating, game room, private dining, too many great things to list. Ready to transfer today to new owner that can take over sales of more than $1.5 Million and a business that is 70% alcohol. That means profit! The name does NOT transfer in the sale - this is an asset sale only.
Free standing location in a major metropolitan portion of Atlanta and has been in existence for more than eight years so it has a well established bar and restaurant traffic pattern you can benefit from but you must CHANGE the name, CHANGE the concept and CHANGE the menu.
Sales last year were $1.5 Million with high alcohol percentage. There are NO books and records available outside of sales verification for this asset sale.
Great build out with indoor and outdoor seating. Well equipped kitchen.
This is a corporate owned store that is being sold so owners can focus full time on their thriving franchise operation. You can not remain a franchise at this pricing. Price has been dropped to a ridiculous level for a sports bar doing this kind of volume with 70% alcohol sales. Buyers must have sufficient capital for the acquisition and to qualify with the landlord.
LEASE: 3400 square feet of space on three levels (including 2 patios). 4 years remaining on highly desirable Atlanta Metro lease with two 2-year options to renew for a total of 8 years. Rent recently renegotiated down to approximately $11,800 per month including taxes and insurance.
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General Information
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| Listing Status: |
Sold |
| Price: |
$149,000 |
| Location: |
Atlanta |
| Last Year's Annual Gross: |
$1,472,032 |
| Lease Information: |
Expires 12/31/2014 plus 2 2-year options total of 8 years |
| Monthly Rent: |
$11,200 |
| Liquor License: |
Beer/Wine/Full Liquor License |
| Indoor Seating: |
100 |
| Outdoor Seating: |
40 |
| # of Part-Time Employees: |
20 |
| # of Full-Time Employees: |
8 |
| Hours Open: |
Monday 11am to Midnight
Tuesday-Thursday 11am to 2am
Friday 11am to 3am
Saturday 12pm to 3am
Sunday 12pm to Midnight |
| Year Established: |
1998 |
| Inside Sq. Ft.: |
3800 |
| Hood System: |
Yes |
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Highlights
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- High Volume Sports Bar has sales of more than $1.2 Million
- Well established Midtown Location
- High Alcohol Sales Contribute to Strong Profitability
- Asset Sale ONLY - No Books and Records
- 2 Renewals on Lease - recently renegotiated to $11,800 a month
- 3200 square feet plus patios make this one a winner
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