000 In Owner Benefit!Cumming, GA 30041

Property Details for 000 In Owner Benefit!

Year built

2009

Property size (Sq ft)

8,925 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Cumming

County

Forsyth

State

Georgia

Latitude

34.2001

Longitude

-84.0907

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