Lounge and Bar for Sale in Prime Duluth Location!! Turn Ky Duluth, GA 30096
This 3,500 square foot turnkey restaurant and bar is located in a prime Duluth, GA spot in Gwinnett County (zip code 30096), near a major interstate. The asking price is $299,000. The current lease, with a monthly rent of $9,300, runs through December 19, 2028, with a five-year renewal option. The space is fully equipped and move-in ready, allowing for immediate operation. Nine employees currently work at the establishment. The property boasts a high traffic count due to its location in a commercial center surrounded by numerous businesses and ample parking. A three-week training period by the current owner is included. Duluth's thriving economy and population growth present a significant opportunity for a new owner. The space is adaptable to various concepts, offering flexibility and potential for innovation. This is a rare opportunity to acquire an established business in a desirable location, eliminating the time and expense of starting from scratch. Some licensing may be required depending on the new owner's concept.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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