Lounge and Bar for Sale in Prime Duluth Location!! Turn Ky Duluth, GA 30096
- Retail properties
- 3,500 SF
Current Use by Public Records
- Retail properties
Property Details for Lounge and Bar for Sale in Prime Duluth Location!! Turn Ky
- Property size
- 3,500 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- Gwinnett
- State
- Georgia
- Longitude
- -84.1541
- Latitude
- 33.9812
