For Sale
$599,000

000- 1.6 Million Yearly SalesAvondale Estates, GA 30002

High-earning restaurant, 5,000 sq ft, huge potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional restaurant opportunity in Avondale Estates, Georgia, is priced at $599,000 and boasts impressive annual earnings exceeding $230,000 from $1.6 million in yearly sales. The 5,000 square foot space features a completely renovated kitchen (2023) and a 10-year lease. The restaurant is fully equipped with state-of-the-art appliances including a 20-foot walk-in cooler, five brand new AC units, two hood systems, double stack Blodget ovens, and much more. The current setup includes 12 booths, 28 tables, and 62 chairs, accommodating 120 diners. A seasoned management team and 31 employees are in place, ensuring a smooth transition for the new owner. The current owner will provide comprehensive training and support post-closing. Significant growth potential exists through adding a full liquor license, extending operating hours, and implementing catering services. The restaurant enjoys a tremendous reputation and strong brand integrity, drawing customers from a wide area. This is a turnkey operation with immediate earning potential and substantial room for expansion. The monthly rent is $3200. This is a rare opportunity to acquire a highly profitable, established restaurant in a thriving community. The sale includes extensive equipment, including a 3-door kegerator, two TVs, a camera system, and a music system, along with catering equipment. The business is not a franchise and is not an asset sale. Seller financing is not available.

Highlights

  • City Confidential: Yes
  • Franchise: No
  • Asset Sale: No
  • Asking Price: $599,000
  • Gross Revenue: $1,678,012
  • Cash Flow: $230,907

Property Details for 000- 1.6 Million Yearly Sales

Property type
Retail properties, Restaurants
Square Feet
5,000 SF
Year Renovated
2023

Location Insight

City
Avondale Estates
County
DeKalb
State
Georgia
Latitude
33.7695269
Longitude
-84.2647522
000- 1.6 Million Yearly Sales, Avondale Estates, Georgia

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000- 1.6 Million Yearly Sales
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