MergerPlace

Cafe, Bar & Lounge-Unique Concept

Georgia (Cobb)


  • Asking Price: $250,000
  • Gross Income: $167,226
  • Cash Flow: $88,518
  • Real Estate: Not Disclosed
  • Inventory: $3,500
  • FF&E: $140,000
  • Listing ID: #212659
  • Established: 2017
  • Employees: 1 FT / 3 PT

Business Description

This is a unique intimate, modern lounge offering cocktails, beer and a light food menu in a low-lit, chill setting. Live entertainment is also featured in the form of a DJ and Jazz Bands. The location is excellent as it is near several residential communities and a high concentration of businesses. And, there are no other restaurants or bars in the area that offer a similar combination of food, drink and entertainment. The business appeals to the local adult population in every age group.


Business Details

Primary Business Category: Amusements, Entertainment, Other
Location: Georgia
County: Cobb

Company Information

Year Established: 2017
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT / 3 PT

Financial Information

Asking Price: $250,000
Gross Revenue: $167,226
Cash Flow: $88,518
FF&E: $140,000
Inventory: $3,500
Seller Financing Available: No

Property Information

Facilities:

The property is leased and the furnishings, fixtures and leasehold improvements are in excellent condition since the business opened in July, 2017. The owner paid for a complete build-out of the building as the building was mostly an empty shell. Plumbing and electrical wiring had to be installed. And, the HVAC system required major repairs. The combination of seating, lighting and other furnishings create a very relaxing and comfortable environment. The building is a 2-story structure with 3,300 sq. ft. on each floor. Currently, the second floor is not being used, so there is plenty of extra space for expansion.

Growth & expansion opportunities:

Growth potential is outstanding. The business has been open since July, 2017 and the owner has had limited time to devote to the business due to another business commitment and increased family responsibilities. Marketing and advertising could be increased. Food service and the menu could be expanded, as well as the hours of operation. Lunch could be offered as the location is near several local businesses and residential communities. More local business functions could be hosted. And, with 3,000 sq. ft. of unused space, several possibilities exist for growth and much larger events could be hosted.

Reason for selling:

The owner manages two businesses and now has increased family responsibilities. He needs to sell this business as he does not have the time to devote to the business to grow it.

Support & Training:

Will train for 4 weeks @ $0 cost.

Contact Business Seller

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Business Listed By:

Greg Younts

Murphy Business Brokers