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This Buckhead Bar & Club is located in the “heart of Buckhead“.
An amazing location which is and no joke probably the most visible site in GA surrounded by thousands of middle to high income residences, tons of restaurants, retail stores, malls steps away tons of hotel and hi-rise office towers.
Established almost 25-years ago and owned by same Owner.
9,000/sf with 7,000/sf fully usable.
Legal occupancy is 289.
Four Massive bars, TV’s, billiards everywhere and tons of activities that make guests come back as regulars almost always.
Five year lease with five year option at $11,742.28 per month.
Sales have increased every year for three years straight. 2012 gross sales $$727,000, 2013 at $787,000 and 2104 at $827,000. Owner on five nights pulls out between $160,000 to $180,000 per year on reputation alone with zero effort, zero marketing ,zero advertising after all expenses. 2015 Gross Sales $1.2m with net profit at approximately $300,000 with almost absentee Owner who travels all the time. Summer sales where best ever on record plus tons of special events for during football season is on the books. 2016 number project to hit almost $1,800,000 with August alone at $192,000. Owner is on track to net almost $400,000 with net and personal add-backs already at $350,000 from January 1, 2016 to September 2016.
Owner spends about 30-hours a week and runs business with loyal staff of 15-bartenders and bus person.
As this is a Bar only adding a kitchen would skyrocket sales and profit.
Priced at $850,000. Seller will consider financing 25% of purchase.
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