MergerPlace

Full Service Wing Cafe and Bar

Georgia


  • Asking Price: $350,000
  • Gross Income: $689,580
  • Cash Flow: $181,268
  • Real Estate: Not Disclosed
  • Inventory: $3,360
  • FF&E: $31,433
  • Listing ID: #207247
  • Established: 2001
  • Employees: 9 PT

Business Description

Full service wing café with a Korean flair attached to a full service smoking 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 that sees 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.


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: $350,000
Gross Revenue: $689,580
Cash Flow: $181,268
FF&E: $31,433
Inventory: $3,360
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 stage area.

Growth & expansion opportunities:

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).

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