This established Cumming, GA bar and grill is offered for sale at $1,300,000. The 8,925 square foot restaurant, built in 2009, boasts over $2,291,763.05 in gross annual revenue and a cash flow exceeding $423,397.22. The lease is for five years with two five-year options. Monthly rent is $10,984.93, though other monthly rent figures are also listed ($2043.68 and $3983.13). The sale includes extensive equipment, detailed in an inventory list (available upon request), encompassing bar, dining, kitchen, and patio furnishings. The restaurant features a large bar area with 44 TVs, a game room, and an attached meeting/event space. Indoor seating accommodates 262 patrons, supplemented by outdoor patio seating with tables, chairs, and umbrellas. The kitchen is fully equipped with a hood system and various appliances including fryers, grills, ovens, and refrigeration units. The business employs 16 people and benefits from a prime location in a busy city square with high foot and vehicle traffic. The seller is retiring, presenting a unique opportunity for a buyer to acquire a well-established and profitable business in a growing area. Inventory is not included in the asking price. Seller financing is not available. Two weeks of training will be provided to the new owner.
Highlights
Asking Price: $1,300,000
Leased, 8,925 SF Restaurant for Sale in Cumming, GA, built in 2009. $145.66/SF.
Asset sale; not a franchise.
Gross revenue: $2,291,763.05; Cash flow: $423,397.22. Inventory not included.
Leased property with a 5-year lease term, including two 5-year options.
Property Details
for 000 In Owner Benefit!
Property type
Retail properties, Restaurants
Square Feet
8,925 SF
Year Built
2009
Location Insight
City
Cumming
County
Forsyth
State
Georgia
Latitude
34.2000834
Longitude
-84.0907246
000 In Owner Benefit!, Cumming, Georgia
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Contacts
Jeff Heidt
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000 In Owner Benefit!, Cumming, Georgia, 30041
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