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Landmark Restaurant Opportunity
Location: United States -> Georgia
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Landmark Opportunity situated on an historic Atlanta corner in a vintage building. This business opportunity is surrounded by a strong community of office and commercial buildings with a population of office and professional workers numbering in the thousands. This Restaurant has been providing country cuisine to a downtown clientele for over 75 years. The present concept is cafeteria style service of southern cooking. This concept works well in this location, however, the clientele and diversity of the neighborhood permits expansion and modification of the present concept. The restaurant kitchen is fully equipped with mostly new equipment. Serving areas are also amply supplied with first rate cold and hot wells. This rental space contains over 3500 Sq. Ft. At present it seats plus or minus 125 guests. This number can be easily expanded. Operations can be expanded to include additional hours and new concepts of menus. This space enjoys an excellent below market lease with utilities included. Owners will assist with the transition. They will be moving on to develop a different concept. Although the restaurant does not now have a liquor license at this time, bar facilities are in place and could be revamped for the new owner. Traditionally this was a ''watering hole'' for many of Atlanta's early 20th century movers and shakers. Being close to both City and State Government Centers provides unlimited opportunities to return this facility to its previous position as a meeting place for government and commercial clients. This is an unbeatable opportunity for a visionary restaurateur!


Financials

Asking Price Range:  < $250K
Gross Revenues:   $195,000
Cash Flow:   $38,500
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $36,500
Seller Financing:  Yes

About The Business

Year Established:  1933
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller will saty on during transition.
Reason For Selling:  Seller is seeking a new location for different concept.




Print Listing Id: 70085014
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Georgia Businesses For Sale > Georgia Franchises For Sale > Georgia Business Brokers



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