What is the current gross revenue for this restaurant?
The current gross revenue is estimated to $337,856.
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?
This business will not qualify for a business or SBA loan due to the cash nature. If financing is needed for startup cost you can review additional 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 insurance.(Note: Expenses represent a cash purchase and do not account for finance payments if requiring a loan to purchase).
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Is the restaurant property owned or leased?
Currently the owner leases the property. Lease terms remain for 5 years. New owner must be approved by the landlord. Note: New buyer will sign lease terms with the property owner.
Where is the restaurant located?
Located in Greater North Atlanta, 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: Make lines, freezer, computers, phones, cut tables, hot boxes, prep tables, and patio furniture. Estimated value is $100,000.
What is the size and how many customers can this restaurant seat?
Restaurant is 1800 sq. ft., located in a large busy shopping plaza. This restaurant has indoor seating for 20.
Does this restaurant currently have a beer or liquor license?
There is no beer or liquor license included with this sale.
Does this restaurant offer drive-thru or delivery service?
There is no drive-thru, but the restaurant offers carry-out and delivery service.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 5 years.
Why is the owner selling?
Owner is retiring.
What are the hours of operation?
This restaurant is operated from 11am – 10pm Sunday through Thursday, and 11am – 11pm Friday and Saturday.
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?
Turnkey and move in ready. Includes all restaurant equipment, an estimated value of $100,000. Plenty of opportunity to increase revenue. Restaurant has great customer ratings! Priced at $50,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!