Steakhouse with Bar and Lounge for Sale in Georgia

Aug. 12, 2010 - PRLog -- This restaurant is 6,000/sf on over one acre. Almost $2mm was spent on build out plus the cost of Real Estate in its location. Over $100,000 was spent alone on 70 parking lot. Seating for 220 plus beautiful lounge and bar plus outdoor seating offering stunning views. Two private dining rooms for 25 and 35 guests expands seating options. Handcrafted and built out by a Master Builder. No expense was spared to create one of the most beautiful restaurants in Georgia. Every square inch of this space inside and out was crafted from the finest wood and stones. Hi ceilings, large beams, fireplace, heart of pine and incredible hand places stone flooring and walls create a warm and inviting restaurant. State of the art open exhibition kitchen includes every piece of equipment and large walk in plus wood fired grill can produce at any volume and any cuisine. $38,000 Micros POS system with five terminals is includes in sale.


Priced at $1,500,0000 which includes land, real estate, business and all assets. RE Taxes and Insurance runs about $10,000 per year. Current operation is being run absentee and do to retirement and relocation out of state. Owner has no previous restaurant experience and is not hands on thus the reason for this restaurant needing a professional to take it to the next level. Any full service or casual restaurant can work in this space without much work needed or the steakhouse concept could be utilized and expanded on. Current under performing sales are coming in at under a million and breaking even after paying a GM and Chef $35,000 apiece and a Sous Chef $28,000.

The private artwork is included in the price but could be removed with the price being reduced by $100,000. Seller would consider a Lease transaction to a highly financially and operationally qualified individual at $12,500 per month which includes all RE Taxes and Insurance with a $100,000 Key Money.

http://bizilla.com/restaurants-for-sale/georgia/freestand...

Business Location : Georgia
Asking Price:
$1,500,000

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At Bizilla, our mission is simple: to help connect people who want to sell a business with people who want to buy a business.