000 In Owner Benefit! Cumming, GA 30041
- Retail properties
- 8,925 SF
Current Use by Public Records
- Retail properties
Property Details for 000 In Owner Benefit!
- Year built
- 2009
- Property size
- 8,925 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This established Cumming, GA bar and grill is offered for sale at $1,300,000. The 8,925 square foot restaurant, built in 2009, boasts over $2,291,763.05 in gross annual revenue and a cash flow exceeding $423,397.22. The lease is for five years with two five-year options. Monthly rent is $10,984.93, though other monthly rent figures are also listed ($2043.68 and $3983.13). The sale includes extensive equipment, detailed in an inventory list (available upon request), encompassing bar, dining, kitchen, and patio furnishings. The restaurant features a large bar area with 44 TVs, a game room, and an attached meeting/event space. Indoor seating accommodates 262 patrons, supplemented by outdoor patio seating with tables, chairs, and umbrellas. The kitchen is fully equipped with a hood system and various appliances including fryers, grills, ovens, and refrigeration units. The business employs 16 people and benefits from a prime location in a busy city square with high foot and vehicle traffic. The seller is retiring, presenting a unique opportunity for a buyer to acquire a well-established and profitable business in a growing area. Inventory is not included in the asking price. Seller financing is not available. Two weeks of training will be provided to the new owner.
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
- Cumming
- County
- Forsyth
- State
- Georgia
- Longitude
- -84.0907
- Latitude
- 34.2001
