Yearly net sales were $640,000 for 2023! Sales are increasing substantially month-to-month! At the current trajectory, net sales will hit at least $800,000 in 2024!
January 2024 sales were over $57,000, which is $7,000 more than compared to January 2023! That is $4,000 in additional gross profit for January alone!
February 2024 performed $11,000 more in sales compared to February 2023! Another $6,300 in gross profit for February alone!
March 2024 generated $17,500 more than their March 2023 sales!
The seller's net profit for 2023 was $36,000 after paying a yearly payroll of over $150,000 as well as rent, franchise royalties, and all other expenses! There is a huge opportunity for an owner-operator to take over operations and reduce payroll!
The seller provided $37,000 in discounts in 2023 to ramp up sales. The customer base has now solidified, and such discounts are no longer necessary as sales are increasing without providing the same level of aggressive discounting.
Rent is only $4,648 NNN plus CAM per month, with a total of 15 years remaining on the lease! Rent increases by only 5% every 5 years! That is only a $232 rental increase starting in 2029! The lease security deposit is $4,888.
The franchise royalty fee is only 5% plus 3.5% for local marketing! The franchise transfer fee is only $10,000! The franchise will train you for 2 weeks, and the buyer does not need to travel for training!
The store requires reimaging, and sellers have started working on it. The buyer will need to pay approximately $60,000 in reimage costs.
Located right off Hwy. 316, which is the corridor between Athens and Atlanta!
The Strip Mall Building was constructed in 2013!
The restaurant is the strip mall's anchor tenant and has fantastic visibility from Hwy. 316!
30 minutes from Athens, GA! 1 hour, 10 minutes from Atlanta, GA!
Near the University of Georgia!
Only a few miles from apartment complexes like Gateway at University, The Exchange Apartments, Farmington Hills, Winder Woods Apartments, and Rock Springs Apartments.
Close proximity to a mixed-income multifamily development consisting of 120 apartment homes and 10 townhomes with a community center, pool, fitness center, playground, and other desirable amenities.
4 miles from a 60-home build-for-rent community of single-family houses and two big new residential project developments with 123 townhomes and 506 single-family homes.
Extremely high average traffic count of 31,900 vehicles on GA-316 passing by the business each day!
Asking Price for Business- Only: $269,000 plus inventory! Inventory is approximately $5,000!
