102 N Hill St Griffin, GA 30223
For Sale
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This exceptional opportunity presents the chance to acquire a thriving Greek-Italian restaurant and pizzeria in historic downtown Griffin, Georgia. Located at 102 N Hill St, this established business boasts 1,100 square feet of space, seating for 57 patrons, and a fully equipped kitchen capable of handling any volume and cuisine. The restaurant has operated under the same ownership since 2008, consistently demonstrating profitability. 2022 gross sales reached $522,529.93, with a net profit of $123,252.10, operating only five days a week and without delivery services. 2023 projections mirror 2022's performance. The sale includes the business name, recipes, existing loyal staff, and the building itself. The current owner is retiring, offering free training to ensure a smooth transition. The property is priced at $595,000, encompassing the business and real estate. The restaurant currently serves beer and wine and is situated in the Atlanta metropolitan area. The current short hours (closed Saturdays and Sundays, plus a one-month summer closure for owner vacation) present a significant opportunity to increase revenue by expanding operating hours. Detailed financial records are available upon request. This turnkey operation is ideal for an experienced restaurateur seeking a profitable, established business with significant growth potential.
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It shall be the intent of this zoning district to promote and encourage the development and protect the viability of the downtown commercial area of the city, The regulations which apply within this district are designed to encourage the formation and continuance of a stable, economically healthy and compatible environment for a mixture of commercial, (whole…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CBD · Griffin, GAIt shall be the intent of this zoning district to promote and encourage the development and protect the viability of the downtown commercial area of the city, The regulations which apply within this district are designed to encourage the formation and continuance of a stable, economically healthy and compatible environment for a mixture of commercial, (wholesale and retail), office, government services and residential uses that are located so as to provide the city convenient shopping and service facilities
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
