Atlanta Ga Virginia Atlanta, GA 30306
- Retail properties
- 3,100 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Atlanta Ga Virginia
- Property size
- 3,100 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This thriving Atlanta restaurant and bar, located in the vibrant Virginia Highland neighborhood, presents a unique investment opportunity. Boasting 3,100 square feet of space, the establishment features ample seating for 100 patrons inside, plus an additional 30 seats on an outdoor patio. The bar itself can accommodate 100 guests. The property enjoys a prime location with high visibility and foot traffic, contributing to its consistent success. The current lease has approximately five years remaining, with a five-year option to renew, ensuring long-term stability. The all-inclusive monthly rent is $11,000. The business benefits from a strong management team, both front and back of house, ensuring a smooth transition for a new owner. Financial records demonstrate impressive performance, with 2022 gross sales totaling $1,478,349.09 and a net profit of $259,347.16. 2023 figures are currently exceeding those of the previous year. The asking price for this turnkey operation is $660,000. This presents a rare chance to acquire an established, profitable business in a highly desirable location, with the potential for continued growth and success. The existing staff and management team provide a seamless transition, allowing for immediate operation with minimal disruption. The opportunity exists to maintain the current successful business model or explore creative conversions to further enhance profitability.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.3489
- Latitude
- 33.7845
