This Restaurant for sale offered by We Sell Restaurants is a great location with a reasonable lease rate! You have an amazing Opportunity Priced to Sell at Less Than 2-Times Earnings. Open and Operating for Over Four Years, this Profitable Restaurant for sale has verifiable books and records showing Annual Sales of $766,741 and Generating $191,540 in Owner Earnings.
The financials on this Restaurant for sale could not be better. 2018 Tax return reflects sales of over $750,000 and net income of $145,000. When you add back owner's salary and depreciation you have total Owner Discretionary Earnings of $190,000 which should make this restaurant qualify for 3rd Party SBA lending. The location is ideal situated at the intersection of two high traffic roads near tons of households and businesses guaranteeing lots of repeat lunch and dinner customers. The restaurant for sale includes a back area kitchen and market area for selling prepared foods is 3200 square feet and can easily seat 60 inside with additional seating outside. The total rent is currently $4700 per month which comes to less than $18 per square foot and only 8% of sales contributing to great owner earnings.
The menu for this restaurant for sale is simple, traditional, and offers the region's most popular and delicious dishes such as Falafel, Kabobs, Salads, Lamb Shank, Wraps, and of course Baklava. Everything, including their own signature bread, is made fresh every day and receives rave reviews on all the social media sites.
The owner works this restaurant for sale full time along with a very experienced staff. He would provide ample training to help the next owner's continued success.
Gwinnett County has a very diverse population with higher than average median home prices and per capita incomes making it the ideal area for many diverse and ethnic restaurants to thrive. This profitable Persian restaurant has proven this for the last four years. Don't miss out.
This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval. The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios. The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise. The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.Please click on the tab below to easily acknowledge confidentiality on this Restaurant for Sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Steve Weinbaum at (770) 714-4552
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- Listing#: 7293
- Price: $349000
- Profitable Middle Eastern Restaurant in Gwinnett County GA
- Sales Exceed $750,000 with Owner Earnings of over $190,000
- Should Qualify for SBA Lending - Good Books and Records
- Terrific Lease in a High Traffic Location
- Turn Key Operation
- Seller Financing Considered
- Restaurant For Sale