American Restaurant for sale in the Duluth, Georgia area for $145,000! Established business opportunity, currently grossing an estimated $219,130 and nets $35,610. Income based on an owner/operator role. This restaurant currently offers an extensive menu of burgers, wraps, bowls, philly’s, wings, sides, and more. This is a great opportunity to purchase a full built out restaurant! Includes all restaurant equipment with an estimated value of $50,000. Located in a large shopping plaza off of a busy boulevard with other restaurants, retail shops, supermarket, salon, and with residential communities nearby. Restaurant can seat 30-40 inside. Restaurant also has a website in place that allows for online ordering. Turnkey business with a loyal customer base and excellent online reviews. Huge growth opportunity! Some financing available for buyers who qualify for a revolving credit line through our third party source. Apply Here
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $219,130.
How does the restaurant profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance the restaurant?
Unfortunately there is no seller financing. However, if financing is needed for startup cost, you can review additional Financing Options Here.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, credit card processing fees, event fees, phone, and insurance.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Is the restaurant property owned or leased?
Currently the owner leases the property. New owner must be approved by the landlords. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located?
The restaurant is located in the Duluth, Georgia area. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Current list of equipment includes: tables and chairs, beverage cooler, all kitchen equipment, and more! Estimated value is $50,000.
What size and how many customers can this restaurant seat?
Restaurant is 1200 sq. ft. and seats 30-40 inside.
Does this restaurant currently have a beer or liquor license?
No, there is no beer or liquor license included in the sale.
Does the restaurant offer drive-thru or delivery service?
There is no drive-thru but a catering service is offered. Delivery service is also currently offered through Door Dash, GrubHub, Seamless, Postmates, and Eat24Hours.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 3 years.
Why is the owner selling?
Seller is relocating and pursuing other interests.
What are the hours of operation?
This restaurant is operated from 11am to 4pm Monday – Wednesday, 11am to 9pm Thursday, 11am to 10pm Friday, 12pm to 10pm Saturday, and 12pm to 8pm Sunday.
What type of neighboring business are in the area?
Neighboring properties are a mix of restaurants, retail stores, and other businesses.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Established American Restaurant! Turnkey and move in ready. Restaurant has a loyal customer base and offer dine-in, take-out and third party delivery services. Includes the cost of all equipment. Plenty of opportunity to increase revenue! Includes a website that allows for online ordering. Priced at $145,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer’s duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.