Restaurant Bar With Real Estate Option In College Town For Sale

Business description

PROPERTY ADDRESS
302 South Street, Carrollton, Georgia 30117. Land Lot 98, District 10, City of Carrollton, Carroll County.

SQUARE FOOTAGE
2,160± Square Feet

UTILITIES
Public Electricity, Gas, Water, and Sewer

ACREAGE
0.33± Acres

BUILDING SPECIFICATIONS
Exterior—wood
Roof Cover—aluminum
Heating—central heating
Air Conditioning—central air
Lighting—standard fluorescent fixtures
Flooring—wood joists and sub-floor
Road Access—paved road

The parking lot is presently gravel and maintained very nicely. However, if purchaser is interested in paving the parking lot, an estimate has been obtained from a professional paving company, who stated that it would be approximately $13,000.

GENERAL INFORMATION
Conveniently located near the campus of the University of West Georgia, the South Street Sports Grill is a restaurant popular with students and faculty as well as the general public. Menu items include deli sandwiches, appetizers, fish baskets, salads, wraps, and hot wings.
The building and land are currently leased until August 1, 2009, at a rate of $2,000 per month, with two 5-year options to renew – No Personal Guarantee. Restaurant requires two to four employees to operate. There are approximately 5 cooks employed at present time. Open hours of operation are 11:00 until 10:00, seven days per week. Nightly events are available for customer entertainment, to include: Monday Nights – Family Night, Tuesday Nights – Trivia, Wednesday Nights – Wing Night, Thursday Nights – Open Mic Night and Poker on Friday and Saturday Nights.
This property is currently offered for purchase two different ways. The business and property may be purchased together, or the business and equipment may be purchased alone. If only the business and equipment are purchased, the new owner will assume the current lease.

PURCHASE PRICE
$250,000 - Business and Equipment Only
$595,000 – Business and Land

TERMS
All Cash To Seller At Closing

Property information

Real Estate:

Real Property Included

Location:

Traveling on Interstate 20, take the Carrollton-Villa Rica Exit #24 and travel south on Highway 61. After approximately 13.8 miles you will reach the square in downtown Carrollton, take a left onto Bradley Street at the square. After crossing the railroad tracks Bradley Street becomes South Street, follow around the curve to the right and over the Highway 27 Bridge. After going straight through a traffic light you will see the Maple Street intersection directly ahead. South Street Station will be on your left hand side just before this intersection.

Other information

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