Description of the business for sale
Gorgeous new build out in 4,500 square foot restaurant space. New owner only has to turn the key to a very high end kitchen, nice bar and upscale decor. Restaurant is located in a lifestyle shopping center anchored by Belk and including mainstream tenants that draw traffic like Pottery Barn, Barnes & Noble, Pier One, Old Navy, etc.
Current concept is seafood featuring items like wood grilled fish, Blackened Shrimp & Scallops, along with beef and pork dishes. Day to day operations handled by established onsite kitchen team. Original owner set menu and concept and has rarely been onsite in the past year. The restaurant is doing $50,000 - $60,000 per month in sales.
Owner spent more than $700,000 creating this restaurant. He is a savy restaurant operator of more than one concept and is motivated to sell so he can franchise his other concept and relocate out of state. This despite his capital investment of several hundred thousand dollars. Located in the suburbs of Atlanta with prime demographics to draw from; the rent is approximately $12,500 month but definitely delivers a clientele that wants upscale casual as sales and profits indicate. Demographic profile for shopping center is top notch showing population growth projections of 12.01% between 2004 & 2009 and average HH income of $109,320 (source: Claritas).
PRICE $199,000
Description of the facilities
Furniture, fixtures, and equipment = 0
Furniture, fixtures, and equipment included: N