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Listing ID: 3158412

Bareburger National Franchise – Midtown Atlanta “In Your Face” Location on Peachtree Steps From The Fox Theatre & Everywhere – Profitable – Keep or Convert For Sale

Located at 715 Peachtree St NE #102, Atlanta, GA 30308., Fulton, Georgia, United States

$ 495,000

(Furniture / Fixtures included)

Revenue: $ 960,000

Cash Flow: not disclosed

Business Description

(This is an Open and Operating Business. Please be respectful and do not make any attempt to contact or speak to Staff, Management, Landlord and or Ownership. Documentation and Inspections will be provided upon request)

Bareburger National Franchise for Sale.
Located at 715 Peachtree St NE #102, Atlanta, GA 30308.

A Midtown Atlanta Restaurant and Bar in stunning hi-rise.

Bareburger has 40+ global locations.

Midtown Atlanta “In Your Face” Location on Peachtree Steps From The Fox Theatre, Universities, Malls, Business, Buckhead, Highways & Everywhere.

Great visibility steps from Peachtree Street.

High traffic location in center of all the action.

Seating for 120 people.
Outside seating for 50.
Bar seats 13 plus high-tops.

3,000/sf.
1,500/sf. outside patio.

Negotiated rent terms:

Rent period from Feb 2017 to August 2027:
$9,385 per month
$1,100 CAM

Cost to open $1 million

SBA Loan – $500,000

GM $50,000/annually

Free dedicated parking.

Keep or Convert to any full service or casual concept.
Excluded concept would be a Coffee Cafe as Land of a Thousand Hills Coffee is next door.

June 2018 to June 2019 – $960k Gross Sales

January 2019 – June 2019 Gross Sales was $520,168 and net = $67,912 + business consulting fees + lawyer fees + owner payroll = $107,912 or $140,912 with SBA Loan Payment added back in.
($5,500 monthly loan payment or $66,000 annually would apply to Net Profit if Buyer has no debt structure )

Seller Relocation to the Midwest forces sale.

Property Details

Size:

3,000 SF

Years Established:

Ask business broker.

Property Type:

Lease

Other Details

Business Location:

Located at 715 Peachtree St NE #102, Atlanta, GA 30308.

Premise Details:

Great visibility steps from Peachtree Street. High traffic location in center of all the action. Free dedicated parking. Seating for 120 people. Outside seating for 50. Bar seats 13 plus high-tops. 3,000/sf. 1,500/sf. outside patio. Negotiated rent terms: Rent period from Feb 2017 to August 2027: $9,385 per month $1,100 CAM Cost to open $1 million.

Competition:

Ask business broker for details.

Expansion Potential:

Keep or Convert to any full service or casual concept. Excluded concept would be a Coffee Cafe as Land of a Thousand Hills Coffee is next door.

Operation Details

Employees:

Ask business broker.

Trading Hours:

Ask business broker.

Support & Training:

Ask business broker.

Miscellaneous

Reason For Selling:

Relocation out of State.

Contact this seller

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