Avondale Estates, GA 30002
- Retail properties
- 1,500 SF
Current Use by Public Records
- Retail properties
Property Details
- Property size
- 1,500 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional opportunity presents a thriving, multi-unit BBQ restaurant group located in Avondale Estates, Georgia. The business boasts three units, plus a separate 1,500 square foot corporate office currently leased at $1,200 per month (assumption of the lease is not required). This turnkey operation is fully equipped and has a strong track record of profitability. Financial records demonstrate impressive performance: 2022 gross sales reached $3,056,355 (with four units operating) resulting in a net profit of $531,121. In 2023, with three units, gross sales were $2,600,000, yielding a net profit of $336,000. 2024 figures are projected to be comparable to the previous year. The business benefits from a full staff and management team, ensuring a smooth transition for the new owner. The owner, who has operated the business for nearly 20 years, is selling due to health reasons. This critically acclaimed restaurant group has already completed the franchise designation and package, requiring only the final filing step, presenting significant potential for national growth and expansion. A comprehensive due diligence package is available, and the business is SBA-friendly. The asking price is $699,000. This is a rare chance to acquire a well-established, profitable restaurant group with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Avondale Estates
- County
- DeKalb
- State
- Georgia
- Longitude
- -84.2648
- Latitude
- 33.7695
