Steak and Seafood Restaurant For Sale Savannah, Georgia
Steak and Seafood Restaurant For Sale in Savannah, Georgia for $199,900! Established business opportunity, currently grossing an estimated $757,485 and nets $107,906. Income based on an owner/operator role. Restaurant is located within a popular, high traffic plaza and has recently been renovated with a build out cost in excess of $600,000. Seating is provided for 90 inside. This restaurant is open 7 days a week and offers extensive breakfast, lunch and dinner menus featuring burgers, sandwiches, salads and wraps. This restaurant offers a drive through pick-up service and delivery service. Catering is also currently being offered. The restaurant is currently operating with 24 employees in place that are willing to transfer if given the opportunity. Includes all kitchen equipment and restaurant fixtures. Turnkey business with a loyal customer and good reviews. Some seller financing may be available. Please be advised that the owner will not entertain SBA loans, or third party lending. If seeking financing, buyer must be able to borrow against personal assets. For additional lending options Apply Here
Frequently Asked Questions:   Price: $199,900   Cash Flow: $107,906   Financing: Yes   Listing: Active
What is the current gross revenue for this restaurant? The current gross revenue being generated is estimated at $757,485.
How does the restaurant profit? Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant? Some seller financing may be available. Need money? You can review Financing Options Here.
What are my expenses and overhead for a restaurant business? Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance.
Is the restaurant property owned or leased? Currently the owner leases the property. Lease terms remain at $5,600 per month for 4 years. New owner must be approved by the landlord. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located? Located in Savannah, Georgia. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale? Current list of equipment includes: Imperial 60” flat top griddle, Star Max 24’ Char Grill, Hobart HR7E rotisserie oven, True 110” Chef base refrigerator, 2 Blodgett full size electric convection ovens, Volrath Cayenne 24” flat top griddle, Asper 2 cooktop burners, (2) Fryers, Norlake 72”PPT pizza prep table, work top roll back refrigerator, Norlake 3 door reach in refrigerator, Norlake 36” sandwich prep cooler, Toastmaster Griddle Panini Press, Beverage Air 2 door reach in refrigerators, Delfield 1 door reach in refrigerator, Delfield low profile reach in refrigerator (Glass Chiller), Hoshizaki 500# ice cuber, Bizerba meat and deli slicer, Adcraft 4 bay hot steam well, 1 Coke Cooler for beverage display (owned), 1 Coke cooler beverage display (leased), walk in refrigerator with new compressor, walk in freezer with new compressor, (4) Stainless Steel worktop prep tables, all plateware, flatware, and smallwares, (4) 40” flat screen TV’s three 5 ton air conditioner units (new 2016), drive-through speaker systems, 3 exterior lit signs, (90) Gold resin Chivari chairs, (24) custom made heart of pine tables, (11) 72” epoxy coated metro racks, Micors 3700 Series with 3 server workstations, 2 cash drawers, 3 server printers, 1 kitchen printer and home office computer and printer.
What size and how many customers can this restaurant seat? Restaurant is 3400 sq. ft. and seats 90 inside.
Does this restaurant currently have a beer or liquor license? Yes, there is a beer and wine license included with this sale.
Does the restaurant offer drive-thru or delivery service? The restaurant currently offers a delivery service and a drive-thru.
How long has the seller owned the restaurant? Seller has owned this restaurant for 1 year.
Why is the owner selling? Seller owns multiple restaurants and is downsizing.
What are the hours of operation? This restaurant is operated from 9am - 9pm, Monday - Sunday.
What type of neighboring business are in the area? Currently this plaza has the following businesses: Fitness Franchise, Fast Food Franchise, Sandwich Franchise and more.
What do you recommend when purchasing a business? When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know? Established steak and seafood restaurant in a high traffic plaza! Turnkey and move in ready with extensive recent renovations. Restaurant has a loyal customer base and positive reviews on Yelp. Includes the cost of all equipment. Priced at $199,900. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer's duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.