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Businesses For Sale > Business For Sale in Kennesaw, Cobb County, Georgia (GA)

Restaurant/Nightclub for sale in Kennesaw, Cobb County, GA

Kennesaw, Cobb County, Georgia (GA)

Asking Price: Gross: Cash Flow:
$ 175,000 Undisclosed Undisclosed

Furniture and Fixtures Value:
$ 145,000 (included in the asking price)

Inventory Value:
$ 15,000 (not included in the asking price)

Business Summary:
This is a once in a lifetime opportunity for someone who wants to move into the late night food and beverage market WITHOUT overly risking their available capital...this is a sure thing with verifiable sales and profits!
I have multiple locations with different concepts (I am sole owner of all - not broker). Please feel free to contact me for more detailed discussion at any time.
I desire to sell my restaurant/nightclub which has been in business for 20 years. My personal, family and health circumstances of recent is leading me to pursuing an immediate cash sale at this time. GOOD NEWS FOR YOU.
This restaurant/nightclub is a viable, operating, fully staffed and fully inventoried business at this time. This is NOT a closed or empty shell type operation.
You may confidentially observe it during operating hours as much as you like. I will be providing open books (as much as hospitality/industry books can be opened). The advantage for the buyer is that if I feel they can handle and be successful in the property they are interested in NO REASONABLE offer will be refused. It goes without saying that you can not walk in to a deal for any of my businesses (20+ years and running) with NO CASH. Let's agree up front I will not waste your time and you do not waste mine. Since this has been a very long term lease and is actually capped out at only $13 per foot for the remainder of the lease, it should be obvious that you can not purchase or lease and build out a 4,000 square foot restaurant/nightclub operation with 400 parking spaces and no nearby competition on a major 4 lane highway (Highway 41)for anywhere near this investment. Simply put...It would require at least twice what I am asking to just lease, design, build out and market a $500,000+++ a year operation (current gross revenue NOT Including miscellaneous income).
It is my desire that my staff, many who have been with me for many years, not be aware that I am fielding offers at this time. If you know the food and beverage industry, you understand why.
Bottom line - if you are serious about investing in a future with a food and beverage business (including door cover charges and a variety of miscellaneous income Streams) that has a solid long term lease, dependable sales, a bottom line currently in the black, and you understand that this is a late night type operation (although it absolutely could/Should be rebranded for daytime sales and increased market shares), this could be the opportunity of a lifetime for you and/or your family or investors.
Please feel free to contact me and discuss. You will find this is a genuine golden opportunity and you have nothing to lose with discussions or meetings. PLEASE - NO BROKERS. THIS WILL BE OWNER SOLD ONLY - FOR THE BUYER OF COURSE, NO BROKER COMMISSION TO INFLATE THE PRICE. Costs of closing will be split equally.

 

   
Year Business was Established: 1994
   
Number of Employees: 14  
   
Facilities / Terms of Lease: 5 years just renewed - landlord will provide new lease on your terms if desired.  
   
Potential Growth/Expansion: These are dinner and late night operations only. As a single person, I do not have the support to run these businesses for the lunch and dinner periods and still do late night. For those who can, it is a no-brainer that taking either of these operations, which are full kitchen, full menu, and marketing a lunch service period as well as afternoon and early happy hours would increase a buyer's gross sales by as much as 25%. There is a huge opportunity for lunch business walking past our door 7 days per week. Kitchen is well set up to sub out or run your own catering operation. Entertainment nights are only toward weekends. Adding more trivia, karaoke, bingo, family night, sporting events early in the week would appreciably increase market share. KSU is very close by and offers opportunities to grow the business, especially with NCAA event weekends.  
   
Competition: We are a restaurant and Top 40 dance/karaoke entertainment establishment. Largest nearby competition is 100% country dance with no food options. No other appreciable competition for many many miles.  
   
Owner willing to finance: Up to a certain percentage but Open to Discussion. As I have stated, any reasonable offer will be looked at as such.  
   
Owner willing to train: Yes, absolutely VIP. These would be very "hands-on" sales.  
   
Reason for selling: Personal circumstances, trying to downsize to just one operation for logistical reasons.  
   
Seller Reference Number: bm2009501749
BusinessMart.com Listing Number: 162436
 

 

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