Fully Equipped Restaurant For Sale In Miltion Ga Alpharetta, GA 30004
- Retail properties
- 2,000 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Fully Equipped Restaurant For Sale In Miltion Ga
- Property size
- 2,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional opportunity presents a fully equipped restaurant for sale in Milton, Georgia, situated within a high-end mixed-use community. The 2,000-square-foot space boasts a stunning $800,000 buildout, completed less than a year ago, and includes a substantial covered patio. The kitchen is comprehensively outfitted with top-of-the-line equipment, including a 18-hood half convection oven, gas South Bend flat grill, three 50-pound fryers, Vulcan line coolers, mega tops, prep tables, refrigerators, and ample walk-in coolers and freezers. The dining area comfortably seats 40 indoors and an additional 58 on the heated patio. Included are bar stools, chairs, banquettes, a food rail with built-in stools, community tables, and picnic tables. Additional assets include a milkshake machine, spinner, office equipment (safe, printer), a security system (12 cameras and DVR), and a variety of small wares and plating ware. The lease, with a monthly rent of $7,500, extends until August 31, 2033, with options for renewal. While the current business model is not profitable, this presents a unique chance for a new owner to implement their own concept and capitalize on the prime location and existing high-quality buildout. The high median household income ($151,300) and home prices ($928,000) in Milton, GA, indicate a strong potential customer base. Seller financing is available. The asking price is $75,000. This is a truly remarkable opportunity for an ambitious restaurateur.
Value Estimations
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alpharetta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.2911
- Latitude
- 34.1763