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Listed by:

Atlanta Business Brokers LLC

Broker license number: 292718

Super Profitable North Georgia Restaurant And Bar For Sale

Blue Ridge, Georgia, US
Asking Price:
$1,750,000 (USD)
Sales Revenue:
$2,328,124 (USD)
Cash Flow:
$613,348 (USD)

Unique opportunity to own and operate a true gem in North Georgia, this is a winning concept even during a pandemic. Seller is retiring and business is booming!

The current owners have lovingly operated and maintained this thriving business for the last 7 years and their hard work shows in the thousands of positive reviews online with almost 5 stars in Google, Yelp and other restaurants reviewing platforms.

With 2021 sales coming at over $2,328,124 with the owner profiting over $615,000 for a 5 night and one brunch only, over $2,755,00 in gross revenues for 2020 during the highs pandemic with more than $700,000 in profits. New owners can operate 7 days a week with lunches to see the revenues going over 3 million as the current owners grossed in 2018 and 2019.

The restaurant space (4,225 +/-) in and of itself is the most unique for the area which lends itself to being in a league of its own, being in historic building right in the busiest part of town, the seller gutted the space and renovated every aspect of it making it very modern and at the same time retaining its historical integrity, the restaurant seats 90 patrons with a state of the art long and social 30-stool bar facing 18 taps of mainly local and regional craft beer. Long term lease in place with a very favorable gross monthly rent of $5,600 per month.

Blue Ridge has always been a tourist favorite and now it is a hot spot for newcomers putting down roots, the entire North Gerogia region is surrounded by the majestic Blue Ridge Mountains. Whether it is a day spent at the beautiful lake, hiking, kayaking, food tours, breweries, or shopping. The region has something for everyone and that is what has made this town one of the best places to live in the south.

PROOF OF FUNDS AND SIGNED NDA MUST BE RECEIVED PRIOR TO DISCLOSING ANY FURTHER INFORMATION. THIS IS AN OPERATING BUSINESS; PLEASE REFRAIN FROM SPEAKING TO STAFF OR MANAGEMENT.

Attention Business Owners: We are always in search of quality businesses to sell, so if you are thinking of selling your business or would like to acquire another business, please call us to discover the difference that is.

Property Information

Real Estate:

Lease

Location:

The restaurant space (4,225 +/-) in and of itself is the most unique for the area which lends itself to being in a league of its own, being in historic building right in the busiest part of town, the seller gutted the space and renovated every aspect of it making it very modern and at the same time retaining its historical integrity. Long term lease in place with a very favorable gross monthly rent of $5,600 per month.

Business Operation

Expansion Potential:

Expanding hours and days available for additional sales, the business is currently dinner only 5 days a week and one brunch, opening 7 days and lunches should increase the sales drastically as the restaurant grossed over 3 million when they operated 7 days a week.

Employees:
24
Years established:
2014

Other Information

Support & training:

2 weeks for a smooth transition

Furniture / Fixtures value:
$300,000 (USD)
Inventory / Stock value:
$5,000 (USD)

Contact Atlanta Business Brokers LLC

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