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    Retail properties & Spaces

    0 Mexican Restaurant For Sale In Ellijay With Owner Benfit Of $85K!, Ellijay, GA 30540

    2,700 SF Built 2022
    Property ID
    Property summary
    AI-generated overview

    This thriving Mexican restaurant in East Ellijay, Georgia, is offered for sale at $184,900. Established in 2022, this 2,700 square foot eatery boasts impressive annual sales of $464,000 and an owner benefit of $85,400. The restaurant features 70 seats (50 inside, 20 outside) and a convenient drive-thru window, catering to a wide range of customers. The fully equipped kitchen includes a hood system, grease trap, fryer, six-burner stove, grill, three-compartment sink, and ample prep space, along with all necessary smallwares, shelving, and refrigeration units. The sale includes all equipment and furnishings, eliminating build-out costs. The current lease runs until December 31, 2025, at a monthly rate of $2,500. The restaurant enjoys a prime location in a high-traffic area, supported by a 4.8-star Google rating. Two weeks of owner training are provided for a smooth transition. This is a fantastic opportunity to acquire a profitable, established business with significant earning potential, requiring no franchise fees. The sale is an asset sale, and inventory is not included in the asking price. Seller financing is not available.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2022
    Total area 2,700 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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