MergerPlace

Full Service Wing Cafe & Bar-Motivated

Georgia


  • Asking Price: $325,000
  • Gross Income: $685,917
  • Cash Flow: $164,572
  • Real Estate: Not Disclosed
  • Inventory: $4,480
  • FF&E: $64,304
  • Listing ID: #207247
  • Established: 2001
  • Employees: 9 PT

Business Description

West Metro Atlanta Full service wing café with a Korean flair, attached to a full service bar. This very successful restaurant & bar has been operating out of the same location for more than 18 years. Located in a busy strip center that is situated on a corner lot with a traffic count of more than 50,000 vehicles a day. The business has 9 part-time employees with management in place, all employees are willing to stay with new owner. When have you seen a restaurant/bar with a net profit of 28%.
Business has been lender pre-qualified.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Georgia

Company Information

Year Established: 2001
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 9 PT

Financial Information

Asking Price: $325,000
Gross Revenue: $685,917
Cash Flow: $164,572
FF&E: $64,304
Inventory: $4,480
Seller Financing Available: Yes

Property Information

Facilities:

4,800 square foot facility located in a busy strip center. 2,400 feet is dedicated for kitchen and a family friendly restaurant and 2,400 feet is dedicated for the bar/lounge area. The bar area is connected by way of a door way, that allows the bar area to be a smoking facility, that also contains a large stage area.

Growth & expansion opportunities:

Currently there is not a marketing effort in place, attention to a marking plan would greatly increase the customer base, especially with establishment of an internet and social media presences. The addition of off site catering and the use of a food truck would do wonders for the business. This is a real gem for an owner/operator to make some real money.

Competition:

There are a few franchised wing restaurants in the area, but no independent wing cafes that have been in operation for as long (18 years).

Reason for selling:

Retirement.

Support & Training:

Will train for 1 week @ no cost. A new owner must obtain a local business license, qualify for state and local alcohol serving license and apply for a Georgia Lottery permit.

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Business Listed By:

Dennis Collier

Murphy Business Brokers