Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Athens Hwy
- Property type
- Retail properties & Spaces
Description
Exceptional opportunity to acquire a fully operational, turnkey seafood restaurant in Loganville, GA. This 3,500 square foot establishment boasts 100 seats and a spacious patio, situated on Athens Hwy, zip code 30052, in Walton County. The restaurant is currently generating $38,000 in monthly revenue with a net profit of $8,390, and the asking price is $150,000. The property features a fully equipped kitchen including a hood system, underground grease trap, walk-in cooler, and walk-in freezer. The current lease is a Net Net (NN) agreement with a remaining term of 8 years and a monthly rent of $6,800. The current occupancy rate is 10%. This represents a significant cost savings compared to building a new restaurant, which would cost 4-5 times the asking price and take at least six months to complete. This established business is located in a growing area, offering immediate operational capabilities and strong potential for increased profitability. The 10% occupancy rate presents an opportunity for significant revenue growth. This is a rare opportunity to acquire a profitable, established restaurant in a prime location.
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Location Insight
- Map
- Local Demand
- City
- Loganville
- County
- Walton
- State
- Georgia
- Longitude
- -83.9549
- Latitude
- 33.8605
