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Landmark Restaurant Opportunity

Location  Georgia,United States
Asking Price Range  < $250K
Gross Revenues  $195000
Net Profit / Cash Flow  $38500
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1933
Number of Employees  1 - 3
Inventory  36500
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Seller will saty on during transition.
Reason for Sale  Seller is seeking a new location for different concept.
Description  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!
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